Very strong case of fraud against Vijay Mallya: Govt sources
Vijay Mallya refuted charges that he obtained hundreds of millions of dollars in bank loans that he knew he wouldn’t be able to repay. Mallya said that political parties were hoping to reap electoral capital on the assumption that he was guilty of fraud.india Updated: Dec 07, 2017 08:18 IST
There is prima facie a very strong case of fraud against liquor baron Vijay Mallya, senior government sources said on Thursday amid reports that his lawyers told a UK court that India had no evidence against him.
“The fact remains that there is, prima facie, a very strong case in terms of the UK’s Fraud Act 2006 against Mallya,” a source in the government said.
He said news reports from London had suggested that there was no evidence to support the government’s case against Mallya and that his lawyer had torn into the government’s extradition plea.
The 61-year-old liquor baron, wanted in India on charges of fraud and money laundering allegedly amounting to around Rs 9,000 crore, was in the dock at Westminster Magistrates’ Court on Wednesday for his defence, headed by barrister Clare Montgomery.
“The conduct of Vijay Mallya, especially before the Supreme Court and other courts, was also highlighted to drive home the fact that Mallya has to answer about his dishonest intentions in the contempt proceedings against him in the Supreme Court of India,” he said, quoting proceedings in the Westminster Magistrate’s court.
Mallya, who was arrested by Scotland Yard on an extradition warrant in April this year, has been out on bailon a bond worth 650,000 pounds.