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Mallya's appeal against extradition rejected by UK court
April 8, 2019 | 4:55 PM
by Times News Service
Mallya left India in March 2016 owing more than $1 billion after defaulting on loan payments to a state-owned bank and allegedly misusing the funds.
 
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London: An appeal filed by Indian tycoon Vijay Mallya to cancel his extradition to India has been rejected by a court in the UK, according to media reports.

Mallya was appealing an extradition order that could see him sent back to India to face charges of fraud.

Sajjid Javid, UK's Home Secretary, signed the extradition order on 3 February 2019.

A Home Office spokesperson earlier said , "On February 3 the secretary of state, having carefully considered all relevant matters, signed the order for Vijay Mallya's extradition to India."



"Vijay Mallya is accused in India of conspiracy to defraud, making false representations and money-laundering offences."

Mallya left India in March 2016, owing more than $1 billion after defaulting on loan payments to a state-owned bank and allegedly misusing the funds.



The loans from the state-owned IDBI bank were intended to bail out his failed carrier Kingfisher Airlines.

In December 2018, a British court ruled he could be extradited.

Mallya was once known as the "King of Good Times" but dropped off India's most wealthy list in 2014.

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