A High Court judge in the United Kingdom (UK) on Monday rejected the extradition appeal of fugitive businessman Vijay Mallya, who is facing charges of fraud, money laundering and violation of Foreign Exchange Management Act (FEMA).
Mallya had filed the application in the High Court after Home secretary Sajid Javid signed off on a Court order for his extradition in February.
Fugitive business tycoon will now face an oral hearing on his appeal against the decision.
According to the sources, “the appellant has five business days for applying oral consideration. If a renewal application is made, it will be listed before the judge of a High Court and dealt with at a hearing.”
Mallya had fled the country in 2016 after defaulting on loan payments to the amount of Rs 9000 crore. He has been based in the UK since then.