See More on Facebook

Curiosity, Economics

UK court orders tycoon’s extradition to India

Vijay Mallya can be extradited back to India, a UK court rules.


Written by

Updated: December 11, 2018

A London court on Monday ordered extradition of liquor baron Vijay Mallya to India, where the now defunct Kingfisher Airlines boss is wanted for alleged in financial irregularities and loan default ammounting to over $1 billion US Dollars. The Vijay Mallya extradition case has been referred to UK Secretary of State Sajid Javid, who will pass an order based on the verdict.

In a setback to Mallya, Westminster Magistrates’ Court Chief Magistrate Judge Emma Arbuthnot ruled that that there was “no sign of a false case being mounted against him”, adding he could be extradited to India to stand trial on the charges brought by the Central Bureau of Investigation and the Enforcement Department, a PTI report said.

“Having considered evidence as a whole. There is a case to answer,” said Judge Arbuthnot, who was said to be extremely critical of how loans were granted and then used.

Mallya can file for a permission to appeal in the UK High Court against the ruling.

The 62-year-old has been on bail since his arrest on an extradition warrant in April last year, and the high-profile extradition trial had been going on since December 4 last year. A series of hearings have taken place in the last more than a year, though only seven days had been initially earmarked for it.

Mallya owes the money to 17 banks in India.

Earlier on Monday, speaking to reporters outside the court, Mallya refuted the charge that he had “stolen” money. He said his offer to repay the entire principal amount to the Indian banks was “not bogus”.

“My settlement offer is made before the Karnataka High Court. It is not related to this extradition trial. Nobody disrespects a court of law by making a bogus offer. The assets have been attached by the ED so they cannot be bogus assets,” he said.

Mallya said the value of his assets was more than enough to pay everybody and that was exactly what he was focusing on.

“I want to disprove the narrative that I have stolen (money),” he said, adding his legal team would review the judgment and take proper steps thereafter.

Referring to the settlement offer to the Karnataka High Court, Mallya said he had requested the court that the employees of Kingfisher be paid first if the settlement were granted.

“I did not borrow a single rupee. The borrower was Kingfisher Airlines. Money was lost due to a genuine and sad business failure. Being held as guarantor is not fraud,” he had said in his recent Twitter post on the issue.

Mallya had last week said he offered to pay back the full amount of the principal loan he owed to various banks.

In a series of tweets, he said, “Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that’s where Banks money went.I have offered to repay 100% of the Principal amount to them. Please take it.”

Meanwhile, according to reports, the judge’s decision to send Mallya’s case to UK Home Secretary Sajid Javid can be appealed with the UK High Court’s permission.



Enjoyed this story? Share it.


The Statesman
About the Author: The Statesman is one of India’s oldest English newspapers and a founding member of Asia News Network.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Curiosity, Economics

Asia’s largest LGBTQ exhibition to open in Bangkok later this year

The exhibition will run from March through next year. “Spectrosynthesis II- Exposure of Tolerance: LGBTQ in Southeast Asia”, the largest-ever survey of regional contemporary art, will explore gender issues and feature more than 200 works by 50 artists. It will open at the Bangkok Art and Culture Centre (BACC) on November 23 and run until March 1 next year. The exhibition received huge critical acclaim when it was first staged in Taiwan 2017, after which its Hong Kong-based organiser, the Sunpride Foundation, chose Bangkok as its second stop. “Bangkok is my second home and Thailand is the most friendly LGBT country in Asia and the more liberal nation,” said Patrick Sun, founder of Sunpride Foundation. “Taiwan is the one of th


By The Nation (Thailand)
January 10, 2019

Curiosity, Economics

Ex-ambassador urges former colleague to defect to South Korea

A feature story from Korean Herald outlining the intricacies of a possible defection by Pyongyang’s ambassador in Italy. A former senior North Korean diplomat who defected to the South in 2016 on Saturday urged a former colleague who has gone into hiding before ending his term in Italy to come to Seoul, as opposed to the US where he is reportedly seeking asylum. Thae Yong-ho, who was the deputy ambassador in London and the most recent senior diplomat to defect, wrote an open letter to Jo Song-gil, 44, until recently North Korea’s acting ambassador to Italy, who fled the Rome embassy with his wife in early November without notice. Jo became


By The Korea Herald
January 7, 2019

Curiosity, Economics

Pakistan seals financial assistance from UAE

$3 billion financial assistance sealed as Abu Dhabi Crown Prince meets Imran Khan in Islamabad. Pakistani and United Arab Emirates leadership have met thrice now in three months. Prime Minister Imran Khan visited the UAE twice after assuming office in August to seek economic assistance. Both countries last week finalised the terms and conditions of a $6.2 billion support package for Islamabad to help address its balance-of-payments crisis. A joint statement issued after the UAE royal’s visit said Prime Minister Khan thanked the crown prince for the “generous” balance-of-payments support of $3 billion, which appears to have materialised first out of the total financial package. Crown Prince Sheikh Mohammed bin Zayed, who last visited


By Dawn
January 7, 2019

Curiosity, Economics

China lands probe on far side of the moon

It is the first manmade probe to land on the far side. Humankind’s lunar exploration history saw the opening of a new chapter on Thursday morning as the world’s first explorer of the moon’s far side landed at its destination after a 26-day space journey. The Chang’e 4 lunar probe, the latest step in China’s endeavor to explore the silver sphere, landed at 10:26 on the Von Karman crater in the South Pole-Aitken basin and then sent back a picture of the landing site shot by one of the monitor cameras on the probe’s lander, marking the world’s first image taken on the moon’s far side. The picture, published by the China National Space Administration, shows the place where Chang’e 4’s rover will be heading to roam and survey. The successful landing formally inaugurated the world’s first expedition to the far side that never faces the E


By China Daily
January 4, 2019

Curiosity, Economics

Japanese emperor turns 85, glad for war-free reign

The emperor made his last speech before his pending abdication. Japan’s Emperor Akihito, who turned 85 yesterday, has said he was heartened that the Heisei (achieving peace) era was coming to an end without his country having engaged in war. “It gives me deep comfort that the Heisei era is coming to an end, free of war in Japan,” the pacifist monarch said in an emotional news conference held at the Imperial Palace ahead of his birthday. Of the war that Japan waged in his father’s name, he added: “It is important not to forget that countless lives were lost in World War II and that the peace and prosperity of post-war Japan was built upon the numerous sacrifices and tireless efforts made by the Japanese people.” He stressed that it was crucial to “pass on this history accurately to those born after the war”, in what was his last birthday news confere


By The Straits Times
December 26, 2018

Curiosity, Economics

Afghan war helped Pakistan keep nuclear option: US papers

US backing for anti-Soviet fighters in Afghanistan may have enabled the Pakistan bomb. Torn between preventing Pakistan from going nuclear and fighting the Soviets in Afghanistan, the United States appears to have decided that pushing the Russians out of Kabul was more important, shows a set of documents released by the US State Department. Official US memos and letter — released under an arrangement to make public official documents after 30 years — show that Chinese leader Deng Xiaoping (in office from 1978 to 1989) also played a key role in convincing Washington to continue to support Islamabad despite its nuclear programme. Timeline: History of US-Pakistan relations A confidential State Department report, dated Aug 20, 1984, shows that by 1984 Washington knew Islamabad had acquired the


By Dawn
December 24, 2018