A magistrate바카라™s court in London decided Monday that the former owner-promoter of the defunct Kingfisher Airlines will be repatriated back to India to face economic offence charges including alleged fraud.
Named as a 바카라˜bhagoda바카라™ for managing to evade arrest and seek shelter in England, fugitive businessman Vijay Mallya바카라™s days of enjoying English hospitality may have ended. A magistrate바카라™s court in London decided Monday that the former owner-promoter of the defunct Kingfisher Airlines will be repatriated back to India to face economic offence charges including alleged fraud.
But the most important question is when exactly will that happen?
바카라”U.K. Home Office will take up to eight weeks to approve the deportation. (There is at least a week of Christmas and New Year vacations in between).
바카라”There are also feelers from within the Indian community in the U.K. that Mallya is trying to create a case for political asylum, citing he is being made a scapegoat for political gain. If indeed he is planning it, this is when Mallya is likely to make such a plea
바카라”Mallya, having lost the case, can appeal to the U.K. High Court
바카라”The High Court may stay the extradition order till it takes a decision.
바카라”That should take no more than eight to nine months.
(Mallya바카라™s extradition case has been decided within a year after it was instituted.)
바카라”Mallya can appeal the High Court바카라™s decision in the Supreme Court if the ruling judge himself/herself gives permission.
Outlook had earlier reported that Mallya could escape deportation till September 2019.
Other possibilities
바카라”There are talks of a possible settlement with Mallya
바카라”Mallya has made an offer in the Karnataka High Court
바카라”The offer may not compound the criminal charges against him unless the government agrees on a deal
바카라”Indian government has not made any moves for working out settlement
바카라”The extradition order gives it an edge in negotiations
바카라”Ahead of the 2019 Lok Sabha elections, the BJP government will want to show this extradition order as fulfilling its anti-corruption mandate and bringing offenders to book.
바카라”That significantly dents Mallya바카라™s hopes of getting a settlement before May 2019, if at all.
바카라”Mallya바카라™s friends in India say that he is interested in paying back dues, though he now claims he did not take the money, the company did.
바카라”There has been additional pressure for him to make the offer after a new law here that could confiscate the property of fugitive offenders.
바카라”The Arthur Road prison in Mumbai has made special arrangements to house Mallya since he objected to prison conditions in India.
What are the charges in India?
바카라”Default by Kingfisher Airlines of Rs 9,000-crore loan from a consortium of Indian banks, led by the State Bank of India
바카라”Violating terms of the loan and following the later restructuring of the loan
바카라”Both the CBI and the ED have drawn up charge sheets against him for all the violations, including siphoning off money from the loan
바카라”In 2016, a controversial flip-flop by the CBI allowed Mallya to enter the country three times despite a lookout notice
바카라”The CBI said that it did not have sufficient material to arrest him
바카라”There are two top CBI officials involved in the case:
RK Asthana, special director-CBI 바카라“ pursued the extradition case, often traveling personally to attend the extradition proceedings.
AK Sharma, joint director, CBI 바카라“ Congress president Rahul Gandhi accused him of diluting the lookout notice that allowed Mallya to leave India in 2016 and subsequently he refused to return citing a politically-motivated case against him.