Mallya is facing a case for defaulting Indian banks to the tune of Rs 9,000 crore. Recently, he also said that he is ready to pay the 'principal' amount, which means, he would not give interest on the money he has defaulted on
New Delhi: In yet another victory for the Modi government, a court in the United Kingdom has ordered the extradition of fugitive businessman Vijay Mallya, who is facing multiple allegations of corruption.
The matter was probed by Rakesh Asthana, special director, Central Bureau of Investigation (CBI). Asthana had also gone to the UK to present the CBI's version. The UK court has sent the matter to the secretary of the state.
Last week, a Dubai court had allowed the extradition of AgustaWestland middleman Christian Michel, who is now in custody of CBI. The allegations of corruption in the AgustaWestland case fall directly on the Congress's first family — the Gandhis.
Mallya is facing a case for defaulting Indian banks to the tune of Rs 9,000 crore. Recently, he also said that he is ready to pay the 'principal' amount, which means, he would not give interest on the money he has defaulted on.
"My employees are my first priority. In the past two years, we've made two separate applications to the court to use the money deposited in the court to pay the employees. The court hasn't given us a decision. If the court accepts my settlement offer, pay the employees first," Mallya told the media in the UK before the judgment.
"I want to disprove the narrative that I stole money. There is nothing ingenuine about my offer, I have made the offer before the court of law. I won't disrespect the court by making a bogus offer," he said.
"We hope to bring him soon and conclude the case. The CBI has its own inherent strength. We worked hard on this case. We are strong on law and facts and we were confident while pursuing the extradition process," said CBI spokesperson Abhishek Dayal.
India's biggest liquor baron is wanted in India by the CBI as well as the enforcement directorate as he is also facing allegations of money laundering and diversion of funds. After the Indian agencies mounted pressure on him, he left India in March 2016. He managed to flee from India after the dilution of a CBI lookout notice against him.
Read Exclusive COVID-19 Coronavirus News updates, at MyNation.
Last Updated Dec 10, 2018, 6:58 PM IST