Britain Orders Extradition Of India Tycoon On Conspiracy, Money Laundering Charges

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Britain on Monday approved the extradition of Indian businessman Vijay Mallya, who owes Indian banks an estimated $1.25 billion in unpaid loans.

British Home Secretary Sajid David signed the extradition order nearly three years after the businessman left India.

Mallya has 14 days to appeal the extradition and if there is no appeal, the extradition must occur within 28 days of the order. He said he offered to pay back the full amount owed in July.

“The anticipated appeal process starts 14 days from now. I can now appeal the Westminster magistrate’s order,” Mallya said, according to the Times of India. “I could not do so till the home secretary made a decision. After the court decision I said I would appeal and now I can.

In India, he faces charges of conspiracy to defraud, making false representations and money laundering.

Read the original article here: upi.com


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