The Westminster Magistrates’ Court in London on Monday has issued an extradition order of Vijay Mallya, who is wanted in India on several charges of fraud and money laundering. The UK court said that Mallya can be sent o India to face investigation.
However, the fugitive baron, Mallya has been on bail since an extradition warrant was granted against him in April last year.
It is to be noted that Mallya had filed an application in the Karnataka High Court in June this year. In the application, Mallya had asked for permission to sell his assets under judicial supervision in an attempt to repay creditors. He is reported to have debt over Rs 9,000 crore.
Notably, the Fugitive Economic Offenders Act got the President’s nod in August this year. The act allows special courts to declare persons involved in economic offences worth Rs 100 crores or more a Fugitive Economic Offender, and confiscate their properties, including benami properties. It intends to prevent such persons from evading the legal process.
This is how Twitteratis react on Mallya’s extradition:
People Lauds Modi for Vijay Mallya’s extradition to India
SBI keens to Welcome Vijay Mallya
Also read: UK Court orders the extradition of fugitive businessman Vijay Mallya