In a step closer towards bringing fugitive businessman Vijay Mallya back to India, the UK High Court on Monday rejected his petition against extradition. While Mallya’s written submission to the UK high court has been rejected, he will get half-an-hour for making oral submissions.
Mallya, now, has the option to appeal to the Supreme Court, which may involve at least another six weeks.
Mallya, who is facing charges of fraud, money laundering and violation of Foreign Exchange Management Act (FEMA), had appealed against the decision of UK Home Secretary Sajid Javid to extradite him to India.
On December 9, the Westminster Magistrate’s Court had ordered Mallya’s extradition to stand trial on charges brought by the CBI and ED.
Javid, the UK’s senior-most Pakistani-origin minister, had to make a decision within two months of the day the case was sent. The UK Home Office confirmed in February that the minister had signed Mallya’s extradition order.
The 62-year-old, owner of the defunct Kingfisher Airlines, is wanted for wilful default of over Rs 9,000 crore loan from Indian banks.