Vijay Mallya may soon be extradited to India from UK

New Delhi: Absconding liquor baron Vijay Mallya may soon be extradited to India from United Kingdom, sources told Zee Media.

It may be noted that on May 14, the High Court of Justice, London, UK rejected the application of Indian fugitive and former liquor baron Vijay Mallya against his extradition to face trial in India.

The judgement also vindicates the painstaking investigation by CBI, especially since Mallya had raised various issues with regard to the admissibility of evidence, the fairness of investigation itself and extraneous consideration, with a view to divert attention from his own acts.

The extradition of Vijay Mallya was sought to face trial in offences of cheating, criminal conspiracy and abuse of official position by public servants, wherein Mallya faced allegations of conspiring with public servants and dishonestly defrauding the IDBI bank to the extent of Rs 900 crores.

The former parliamentarian, who ran India`s largest spirits company, United Spirits, and founded the now defunct Kingfisher Airlines, faces charges of fraud and money laundering worth $1.3 billion. He left India in March 2016 under the pretext of personal reasons.

Mallya has defrauded at least 17 Indian banks, drawing loans which he allegedly routed to gain full or partial stake in about 40 companies abroad.