A Westminster Magistrate’s Court in the United Kingdom will give judgment in fugitive businessman Vijay Mallya’s extradition to India on December 10. He is facing charges of financial irregularities running into thousands of crores and also facing money-laundering charges in the United Kingdom after India initiated extradition proceedings against him.
The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) both have filed several cases for alleged loan default against Mallya.
A joint team of the CBI and ED led by CBI joint director A Sai Manohar left for the United Kingdom for the court proceedings.
Mallya’s twitter post reads, “I did not borrow a single rupee. The borrower was Kingfisher Airlines. The money was lost due to a genuine and sad business failure. Being held as guarantor is not fraud.”
Mallya contested that the extradition case against him is “politically motivated” and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.
When asked about the extradition case against him, Mallya reportedly said, “Politically motivated lack of fair trial and the ability of politicians to create numerous new allegations that provide for pretrial detention.”