CBI claims that it is e confident of bringing Mallya back.
Vijay Mallya was arrested in London on Tuesday on an extradition warrant after a request from the Indian authorities. He faces the charges of fraud.
He was granted bail when he appeared at Westminster Magistrates’ Court.
The 61 year old left India in March last year. Later he tweeted, “Usual Indian media hype, extradition hearing in the Court started today as expected.”
The Central Bureau of Investigation, which is investigating the ‘willful default’ of a ₹900 crore loan from IDBI on part of the Kingfisher Airlines promoted by Vijay Mallya, had sent extradition request to the United Kingdom through the Ministry of External Affairs.
Enforcement Directorate is probing in the same matter, got Vijay Mallya declared as a proclaimed offender & sent a request for Mallya’s arrest through the Mutual Legal Assistance Treaty.
Sources in agencies said that a CBI team would soon leave for London to help the Crown Prosecution in the court to extradite Vijay Mallya.
A senior Enforcement Directorate officer said that “Whatever assistance, evidence & documents are required in the case will be provided by us”. Home Ministry’s sources said Internal Security (II) division had begun work on the formalities involved in the extradition proceedings.
The Kingfisher Airlines defaulted on ₹9,000 crore in loans taken from 17 banks led by the SBI. But only IDBI Bank lodged a complaint with CBI.
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