Daijiworld Media Network
London, Feb 4: According to reports, the UK Home Secretary, Sajid Javid, has cleared liquor baron Vijay Mallya’s extradition to India.
The Westminster Magistrates’ Court had ordered Mallya’s extradition on December 9, 2018. The Home Secretary had two months to review and formally approve the extradition since then.
Mallya, who is facing charges of fraud, money laundering and violation of Foreign Exchange Management Act (FEMA), and the Indian government could appeal against the decision of the UK Home Secretary within 14 days of the order.
Mallya on Friday claimed his group’s properties worth over Rs 13,000 crore have been attached, more than the ‘claimed’ Rs 9,000 crore that he “ran away with”, asking where is justice and how far will it go.
Meanwhile, a special Prevention of Money Laundering (PML) court on February 5, will hear a plea filed by a 17-bank consortium led by State Bank of India (SBI) seeking early release of Mallya’s assets worth about Rs 12,500 crore that the Enforcement Directorate (ED) has attached. The banks want these assets to be sold immediately to realise the best value.