banner

The New Stuff

Vijay Mallya, vijay mallya latest news
531 Views

Vijay Mallya Arrested In London


NEW DELHI:  Business tycoon Vijay Mallya has been arrested in London and will be produced in the metropolitan court.

India had asked the UK to extradite Mr Mallya, who is accused of defaulting on bank loans worth 9,000 crores and facing charges of money laundering.

The flamboyant entrepreneur left India last year amid attempts by a group of banks to recover the unpaid loans.

Earlier in February, the government had handed over a formal request for the fugitive industrialist’s extradition to the UK High Commission, saying it had a legitimate case against him in on charges of financial irregularities and loan default.

New Delhi had cancelled Mr Mallya’s passport and asked the UK government to deport him to India. But the foreign ministry was told that India’s deportation request was not covered under UK laws that allowed visitors to stay back even if their passport wasn’t valid any longer.

Mr Mallya, who had launched the now-defunct Kingfisher Airlines that owes over 9,000 crore to various banks, has been charged with cheating and conspiracy by the CBI that filed a 1,000-page chargesheet against him for defaulting on a 900 crore loan taken from the IDBI bank in 2009. The CBI probe found that 250 crore of this – given to buy aircraft parts – was diverted abroad.

The judge must decide if Mallya’s extradition “would be disproportionate to or incompatible with” his human rights. If the judge is satisfied, the case will go back to the home secretary for a decision. Mallya can move the high court challenging the decision or submit a representation to the home secretary.

Recently Published

how to connect xbox one controller,xbox one controller ,how to connect xbox one controller to ipad, xbox one s controller ios, how to connect xbox one s controller to iphone, how to connect xbox one controller to android
»

How To Connect xbox one controller

The gamer play the many ways that simply require playing our game. So ...

wireless home network setup,wireless network setup,home wireless network setup, wifi network , wireless network, how to create a wifi network without a router,
»

How to do wireless home network setup

Here, we guide you during the process of Planning, Building, and ...

ps4 system update,PS4 System Software Update, ps4 system software ,ps4 software, playstation 4 system software, ps4 software download , system update, ps4, PS4 update, System Software
»

PS4 System Software Update

A PS4 update to the PS4 System Software Update was released on March ...

DNS Server, android, dns server on android
»

How to Change DNS Server on Android

DNS server changing can help to improve security, or speed up your ...

android wear 2.0 , android wear , update android wear, android smart watch , android wear smartwatch ,android wear 2.0 update,
»

Android Wear 2.0: How to Update Android Wear Smartwatches

Android Wear 2.0, the biggest update for Google’s smartwatch OS is ...

»

Best Bass Booster Apps for Android

Listing the clean and clear music is the one of the best experience ...

»

When is Google’s birthday?

It’s very surprising question arise in our mind for world’s most ...

»

Samsung Galaxy S9: Release date, price, specs and rumours

Samsung Galaxy series is very famous through the globe, As the new ...

»

How to record phone call on iPhone

  There is a huge fan of iPhone in world must have a thought or ...

Shares