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WorldUK approves tycoon Mallya's extradition to India

20:30  04 february  2019
20:30  04 february  2019 Source:   reuters.com

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Business tycoon Vijay Mallya should be extradited from the United Kingdom to India to face fraud charges, a London court ruled Monday. The extradition must also be approved by the UK Secretary of State. Mallya , who was once known as the "King of Good Times," has waged an extended court

A London court ordered that Indian tycoon Vijay Mallya should be extradited from Britain to India , where he faces fraud charges Once listed as one of India 's wealthiest people, Mallya ' s extradition would be a huge win for Indian Prime Minister Narendra Modi who faces a crucial re-election next year.

UK approves tycoon Mallya's extradition to India© Peter Nicholls/REUTERS Vijay Mallya leaves after his extradition hearing at Westminster Magistrates Court, in London, Britain, December 10, 2018. REUTERS/Peter Nicholls

Feb 4 (Reuters) - The British government has signed an order for Indian liquor and aviation tycoon Vijay Mallya to be extradited to India, the UK's Home Office said in a statement on Monday.

Indian authorities have been trying to extradite Mallya to India after the collapse of his defunct Kingfisher Airlines. He moved to Britain in March 2016.

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The Indian prime minister had singled out Mallya , accused of fleeing the country owing about £1bn to banks and employees of his failed Kingfisher Airlines, of ripping off India and Indians . Vijay Mallya , who is fighting extradition from UK to India , abandoned vessel after arrest for fraud.

Indian business tycoon Vijay Mallya can be extradited from the UK to India where he faces fraud charges, a London court has ruled. The extradition ruling will be passed to the Home Secretary for approval . Mr Mallya , whose business empire once included Kingfisher beer, left India in March 2016

A court in India set up under anti-money laundering laws declared Mallya a "fugitive economic offender" last month, paving the way for the Indian government to seize his assets, according to Reuters partner ANI.

The UK government's Monday order follows a London court's ruling in December that Mallya be extradited to India to face fraud charges.

Mallya, also the co-owner of the Formula One motor racing team Force India which went into administration in July, has denied any wrongdoing and says the case against him is politically motivated.

Indian Prime Minister Narendra Modi's government had cleared "one more step to get Mallya extradited," Finance Minister Arun Jaitley wrote on Twitter late on Monday.

"While we welcome the UK Government's decision in the matter, we await the early completion of the legal process for his extradition," a government source said on Monday.

Earlier on Monday, the Times of India paper reported news of the UK government's order to extradite Mallya. (Reporting by Mekhla Raina in Bengaluru; Additional reporting by Nidhi Verma in New Delhi; Editing by Sai Sachin Ravikumar)

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