Vijay Mallya’s extradition will speed up trial, jail barrack ready for him: ED | Mumbai news - Hindustan Times
close_game
close_game

Vijay Mallya’s extradition will speed up trial, jail barrack ready for him: ED

Hindustan Times, Mumbai | By, Mumbai
Feb 07, 2019 09:12 AM IST

The ED said if the 63-year-old businessman is brought back, he will be lodged at Arthur Road Jail where a barrack has been readied. Further, Mallya’s presence is important to ascertain the full particulars of his assets and complete disclosure about the financial trail.

Extraditing fugitive businessman Vijay Mallya to India from the UK, for multicrore loan recovery cases by several banks, would pave way for a speedy trial in the country, according to the Enforcement Directorate (ED), the central agency that booked Mallya for laundering an estimated Rs 9,000 crore, on Tuesday.

Vijay Mallya’s extradition process has been approved by the UK and he now has 14 days from Feb 4 o apply for leave to appeal to the UK high court.(HT File)
Vijay Mallya’s extradition process has been approved by the UK and he now has 14 days from Feb 4 o apply for leave to appeal to the UK high court.(HT File)

The extradition process was approved by the UK Home Secretary on Monday after a lengthy trial in the Westminster Court.

Hindustan Times - your fastest source for breaking news! Read now.

The ED said if the 63-year-old businessman is brought back, he will be lodged at Arthur Road Jail where a barrack has been readied. Further, Mallya’s presence is important to ascertain the full particulars of his assets and complete disclosure about the financial trail. The ED wants him to disclose the relevant facts pertaining to receipt and disbursement of loans to Kingfisher Airlines Limited (KFA) along with other financial transactions. “The trial will be expedited,” said a senior official privy to the development. “This will set a right example and other economic offenders would desist from leaving the country.”

Mallya now has 14 days from February 4 to apply for leave to appeal to the UK high court. “If the appeal is admitted, we will defend,” said the official.

On the trial that led to the extradition, the official said, “It is a lengthy and reasonable order passed by the judge, considering the evidence placed by the government of India. Based on the evidence, the judge has found a case against Mallya for cheating, fraud and money laundering. According to the extradition process, the court therefore recommended the case to the UK Home Secretary for considering extradition. He has allowed it.”

Sources from the ED said a special court declaring Mallya a fugitive economic offender (FEO) will provide further impetus to their case if his leave to appeal to the UK high court is approved. “We will appraise the court about the FEO tag,” said the officer. Further, Mallya will risk having his properties seized after delaying to return to the country. “The proceedings for confiscation of properties under the FEO act is underway in a special Mumbai court,” said the officer.

SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On