Was committed from day one on Mallya's arrest: BJP
- Author: Zachary Reyes Apr 19, 2017,
Apr 19, 2017, 18:40
While the request by India for extradition of Mallya, who has been declared a proclaimed offender, was certified by the Secretary of State last month, it is yet to get a green signal from Westminster Magistrates' Court, regarding the release of arrest warrant.
His arrest triggers a long-drawn legal process, which will involve the UK's Crown Prosecution Service (CPS) arguing that Mallya must be extradited to India to stand trial on charges of fraud.
Mallya, under pressure from banks to repay Rs 9,000 crore loans owed by his grounded Kingfisher Airlines, left India on March 2 a year ago, was arrested in London on Tuesday.
Around the same time, a CBI court too had issued a non- bailable warrant against Mallya in the Rs 720-crore IDBI Bank loan default case.
"Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant. The two Governments are in touch in this context", MEA spokesperson Gopal Baglay said.
Venkaiah Naidu said that the centre will take required steps to ensure that he is brought back to India and tried according to the law.
India has lodged a formal request that Mallya is extradited to his native country; this is likely to happen through an existing extradition treaty between Britain and India.
In addition to Mallya, at least nine extradition requests are pending with the United Kingdom, the Indian Express reported.
As it turns out he hasn't lived in India, where most of his business interests are based, since this time previous year.
"We are now assessing the facts (as to) how we can bring him back into the country and start judicial proceedings against him", Gangwar told newspersons here.
India lies in Part 2 of the Britain's Extradition Act 2003 with whom the United Kingdom has global extradition arrangements.
"It was a voluntary action. He will be out in a few minutes", said a member of Mallya's team at the court, without giving any further details of the bail conditions. "He was once hailed as the country's equivalent to Sir Richard Branson due to his success, which included brewing and liquor companies, an airline, Force India F1 team and an Indian Premier League cricket team". "For the government to be telling people here that they have done a very big thing is a little premature", he told ANI.
It was alleged loans above a permissible limit had been sanctioned by the bank to Mallya.
".but within one hour, Vijay Mallya got bail".
He founded Kingfisher Airlines in 2003 but it stopped operations in 2012 and Mallya owed the estimated $1.3 billion in unpaid loans.