London, April 20 (SocialNews.XYZ) Fugitive tycoon Vijay Mallya on Monday lost his appeal in an UK court against an extradition order to India on charges of fraud and money laundering to the tune of Rs 9,000 crore.
The High Court in London upheld a 2018 ruling to send him back to India on grounds that Mallya made a number of misrepresentations leading to the 2012 collapse of his company, Kingfisher Airlines
The former liquor tycoon had appealed to the High Court against his extradition to India at a hearing in February this year.
Lord Justice Stephen Irwin and Justice Elisabeth Laing at the Royal Courts of Justice in London dismissed the appeal in a judgment handed down remotely due to the current coronavirus lockdown.
"We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India," the judges ruled.
Mallya is wanted in India on alleged fraud of the banks and money laundering charges amounting to an estimated Rs 9,000 crore.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz