A British court on Monday ruled Indian tycoon Vijay Mallya, the owner of Kingfisher beer and head of the Force India Formula One team, can be extradited to his homeland to face fraud charges.
A British court on Monday ruled Indian tycoon Vijay Mallya, the owner of Kingfisher beer and head of the Force India Formula One team, can be extradited to his homeland to face fraud charges.
Mallya has been fighting to remain in Britain but judge Emma Arbuthnot said he had misrepresented how loans received from banks would be used and therefore had a case to answer.
She said bankers had been “charmed” by a “glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy” into losing their common sense.
Mallya will be able to make a final appeal against the ruling to Home Secretary Sajid Javid.
Centre of attention: Mallya left India in 2016 owing more than $1 billion
Ben STANSALL, AFP
Mallya left India in March 2016 owing more than $1 billion after defaulting on loan payments to a state-owned bank and allegedly misusing the funds.
