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LIVE BLOG

Vijay Mallya LIVE updates: “Nothing to be shocked about,” says businessman on UK court’s extradition order

A court in the United Kingdom ordered Vijay Mallya’s extradition to India to face charges of financial irregularities running into thousands of crores but the businessman is unlikely to return anytime soon. Follow live updates here.

By HT Correspondent | Dec 10, 2018 20:49 IST

A court in the United Kingdom ordered on Monday to extradite Vijay Mallya to India to face charges of financial irregularities running into thousands of crores but the businessman is unlikely to return anytime soon.

The 62-year-old former boss of Kingfisher Airlines has been on bail since his arrest on an extradition warrant in April last year. He has contested that the extradition case against him is “politically motivated” and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.

Here are the live updates:

8:48 pm IST

Great day in pursuit of fight against corruption: RS Prasad

“It’s a great day in pursuit of fight against corruption of those who siphon crores of bank money and run out of country. Decision to extradite Mallya is based on evidence as well as a resurgent, effective and robust willpower of Modi govt to pursue these elements,” said law minister Ravi Shankar Prasad

8:41 pm IST

Nothing to be shocked about: Vijay Mallya

“My legal team will review the judgement in detail and consider various options and then I will decide going forward. There is nothing to be shocked about,” said Vijay Mallya.

8:10 pm IST

Proud moment for India: Jaitley

The campaign was why are you (BJP) not being able to get him back. You’re (Congress) culprits in giving the loans (to VijayMallya). You created a situation in which ppl like these could prosper,& we’ve succeeded now in getting him back. It’s a proud moment for India,” said Arun Jaitley

8:05 pm IST

Could have done something more productive with my time: Mallya

“The end of the day that’s what the courts are for, that’s how lawyers thrive. Do I regret being in a situation where I’m reading legal papers and paying legal fees? Yes, I do. I could have done something more productive with my time,” said Vijay Mallya on if he regrets going to UK

7:48 pm IST

It’s a victory for ethics and probity: Jaitley

“It’s a victory for ethics and probity. It’s also a signal to all that nobody can cheat India, it’s people, economy & go hide somewhere in the world, & India will never be able to get at him,” said Arun Jaitley.

6:32 pm IST

Great day for India: Arun Jaitley

“Great Day for India. No one who cheats India will go scot free. The judgement of UK’s Court is welcomed. An offender benefited during the UPA. The NDA brings him to book,” said Arun Jaitley on UK court’s order to exytradite Vijay Mallya.

6:28 pm IST

Mallya should face the music: Former Kingfisher employee

“It sets things in motion, he has got charges like siphoning & diverting funds. It is not just a case of repayment of money it also involves a lot of criminal deeds. He should face the music,” said Neetu Sukla, former Kingfisher employee on UK court ordering Vijay Mallya’s extradition

5:45 pm IST

CBI welcomes UK court’s decision

The Central Bureau of Investigation has welcomed the UK court’s decision to extradite Vijay Mallya.

“We hope to bring him back soon and conclude the case. CBI has its own inherent strengths. We worked hard on this case. We are strong on Law and facts and we were confident while pursuing extradition process,” said CBI spokesperson

5:42 pm IST

UK court orders Mallya’s extradition

UK Court hearing Vijay Mallya’s case has ordered his extradition to India.

Judge Emma Arbuthnot ruled against Mallya at the hearing in London on Monday. The case will be referred to the Home Office.

5:22 pm IST

My employees are my first priority: Vijay Mallya

My employees are my first priority. In the last 2 years, we’ve made 2 separate applications to court to use the money deposited in the court to pay employees. The court hasn’t given us a decision. If the court accepts my settlement offer, pay the employees first

5:09 pm IST

Let the HC decide on offer of repayment: Vijay Mallya

“The matter is going on before the Karnataka High Court as we speak. So let the High Court decide in due course,” said Vijay Mallya

4:38 pm IST

Judge to arrive shortly to deliver Mallya verdict

The hearing of Mallya case is delayed by 10-15 minutes as he is busy with other cases. He will arrive shortly to deliver verdict on the allegations of financial irregularities against Vijay Mallya.

3:37 pm IST

Mallya sits in public gallery

Vijay Mallya is sitting in the public gallery, waiting for his hearing to begin.

3:35 pm IST

CBI officials in court room

CBI joint director A Sai Manohar and other officials from India are present in the court room. Those inside court are now waiting for the judge to arrive.

3:25 pm IST

Offer made in court of law: Mallya

There is nothing genuine or ingenuine. Please understand that the offer has been made in a court of law. Nobody disrespects a court of law: Vijay Mallya when asked ‘how genuine is his offer of settlement’, reports ANI.

3:20 pm IST

Offer to repay principal amount not bogus: Mallya

My offer (to repay the principal amount) is not bogus, says Vijay Mallya outside Westminster magistrates court in London, reports PTI.

3:20 pm IST

Settlement plea before Karnataka HC also being heard today: Mallya

I have filed a comprehensive settlement application before the Karnataka high court, which is also being heard today: Vijay Mallya

3:15 pm IST

Offer to repay has nothing to do with extradition: Mallya

Whatever the judgement, my legal team will reveal it and take proper steps thereafter. Yes, I have tweeted saying that I want to repay, that has nothing to do with this extradition issue. It’s a completely separate matter: Vijay Mallya.

3:10 pm IST

Vijay Mallya reaches court

Vijay Mallya reaches court for hearing relating to his extradition to India.

3:05 pm IST

Joint team of CBI and ED present in court premises

A joint team of CBI and ED led by CBI joint director A Sai Manohar left on Sunday for the United Kingdom for the court proceedings.

3:02 pm IST

Mallya earlier offered to pay back principal amount

“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,” Mallya said in a post on Twitter recently.

“I have offered to repay 100 per cent of the principal amount to them. Please take it,” the flamboyant businessman had tweeted earlier.

3:00 pm IST

Vijay Mallya expected to arrive at the court soon

Vijay Mallya is expected to arrive at the court soon. Indian officials and media personnel are present on the court premises.

2:55 pm IST

Decision expected soon by Westminster magistrates court

The Westminster magistrates court in London will soon decide on Vijay Mallya’s extradition to India to face charges of financial irregularities running into thousands of crores.