Mallya - Latest News Update, Information, Photos & Videos on Mallya at Lokmat Times

Absconding liquor Baron, Vijay Mallya, who is facing extradition proceedings in UK, was seen attending India's match against Australia at the Kennington Oval in London on Sunday.Evading questions on his extradition case, Mallya told , "I am here to watch the game," and added that "preparations are underway for the next hearing scheduled in July."The UK home office and the Westminster Court had last year ordered his extradition to India over charges of money laundering, fraud and conspiracy after he failed to convince authorities there that he has been made a victim of political intrigue.On April 8, A United Kingdom court has denied permission to fugitive businessman Vijay Mallya to appeal against his extradition order to India to face trial for alleged fraud and money laundering amounting to Rs 9,000 crore.The 63-year-old embattled liqour baron had approached the court against the February 5 order signed by the UK Home Secretary approving Mallya's extradition.The rejection of Mallya's appeal is seen as a positive development for authorities in India who have been pushing for the extradition of the businessman who faces charges of loan frauds, money laundering and other economic offences."Vijay Mallya is accused in India of conspiracy to defraud, making false representations and money laundering offences," the order said.A major breakthrough was achieved on December 10 when the Westminster Magistrate's Court found merit in the charges registered against Mallya in India and approved his extradition.As per the case registered by the Enforcement Directorate, Mallya had allegedly paid USD 200,000 to a British firm and some European countries for displaying the logo of his now defunct Kingfisher airline in Formula One World Championships in London in 1996, 1997, and 1998.The investigating agency also claimed that the money was paid without prior approval from the Reserve Bank of India (RBI) in violation of the FERA norms.( With inputs from ANI )

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Mallya, Latest News

Business :Mumbai Court allows banks to dispose off Mallya's assets

Exactly a year after he was declared India's first fugitive economic offender, a Special Court here has given the green signal to banks to dispose off the economic assets of absconding liquor baron Vijay Mallya to recover their dues, official sources ...

National :Nirav Modi proclaimed 'fugitive economic offender'

In a big boost for Indian investigating agencies, a special PMLA court has proclaimed absconding diamantaire Nirav Modi, one of the prime accused in the Rs 13,500 crore Punjab National Bank scam of 2017, as a 'fugitive economic offender' here on Thur ...

Business :Mallya's Kingfisher House to go under the hammer again

The Kingfisher House the erstwhile headquarters of the defunct Kingfisher Airlines Ltd. (KAL) - owned by absconding liquor baron Vijay Mallya, will be up for auction again. The 8th time in barely three years. ...

National :Fully committed to get Mallya extradited from UK: India

India said on Thursday that its commitment to extradite fugitive liquor baron Vijay Mallya "is very strong" and it will continue to make all efforts to bring him back from the UK. ...

Business :Mallya gets reprieve from UK HC, can appeal extradition ruling

The UK High Court on Tuesday allowed Indian business tycoon Vijay Mallya, charged with fraud and money-laundering back home, to appeal against his extradition to India, local media reported. ...

International :Mallya spotted at Kennington Oval, evades questions on extradition

Absconding liquor Baron, Vijay Mallya, who is facing extradition proceedings in UK, was seen attending India's match against Australia at the Kennington Oval in London on Sunday. ...