Vijay Mallya Could Face Further Charges, UK Court Told


The Enforcement Directorate on Wednesday filed its first charge sheet against embattled liquor baron Vijay Mallya and others in the IDBI-KFA bank loan money laundering case.

The 5,500-page charge sheet, with voluminous annexures and statements and 57 pages of complaint, was filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special PMLA court.

"Are Indians normally very prompt in their responses", Chief Magistrate Emma Louise Arbuthnot had asked at Tuesday's hearing.

London, June14:The Indian government and its Central Bureau of Investigation (CBI) cut a sorry figure in a British court on Tuesday in their much-hyped effort to extradite embattled businessman Vijay Mallya, wanted for his Kingfisher Airlines' default on loans worth almost Rs 9,000 crore to various banks. "I have enough evidence to prove my case", Mallya told reporters outside the court.

Vijay Mallya tweeted that, "Intense hate campaign by Indian media against me knows no bounds".

In September 2016, a Mumbai court issued an NBW against Mallya and in another related development a court had asked the Ministry of External Affairs (MEA) past year to initiate extradition formalities against Mallya after it emerged that Mallya and his Kingfisher Airline defaulted to service tax worth Rs 100 core despite collecting the said amount from passengers. Mallya, accused of evading loans to the tune of more than Rs 6,000 crore, fled to the United Kingdom after six banks led by the SBI approached the Supreme Court against him.

Talking to media outside the Court before the hearing, Mallya, who is wanted in India on loan defaults to several banks, said, "I have nothing to say as the Court proceedings are on and I deny all allegations that have been made and I will continue to deny them".

When a questioner noted that he has been in Britain for the last 15 months and was eluding courts in India, he said: "I have not eluded any court".

Mr Mallya has repeatedly dismissed the charges against him.

Mallya has requested that the press be barred from the court hearing in his next appearance.

When the magistrate enquired with the Crown Prosecution Service about cooperation from India, he was told that there was good cooperation and coordination between the two sides.

The flamboyant 61-year-old was arrested by British police in April on behalf of the Indian authorities, who accuse him of fraud.