"Kingfisher Airlines case: Mallya's extradition trial in Westminster today "


Embattled liquor tycoon Vijay Mallya, wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 90 billion, is set to appear before the Westminster Magistrates' Court here on Monday when his extradition trial is listed for a judgment hand-down.

The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.

He has contested his extradition on the grounds that the case against him is "politically motivated" and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.
"I did not borrow a single rupee. The borrower was Kingfisher Airlines. Money was lost due to a genuine and sad business failure. Being held as guarantor is not fraud," he said in his recent Twitter post on the issue.
"I have offered to repay 100 per cent of the principal amount to them. Please take it," the flamboyant businessman tweeted earlier. Read More

Business Standard


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