Fugitive business tycoon Vijay Mallya to be brought back tonight

New Delhi : Indian fugitive business tycoon and founder of the now defunct Kingfisher Airlines Vijay Mallya can be extradited to India in the coming days “anytime” as all the “legal process” has been completed, top sources in the government said on Wednesday.

The development comes in the wake of Mallya losing his appeal in the UK top court on May 14 against his extradition to India. A top Enforcement Department source related to the development told IANS, “We will soon bring back Mallya to India anytime in the coming days.”

However, he remained tight-lipped on the date of the extradition. He said, “As he has lost his appeal in the UK Supreme Court there, we have completed all the legal process for his extradition.”

The teams of CBI and the ED are already working on the process of extradition to India. A CBI source related to the development said that after his extradition, we will take his custody first as we were the first agency to file a case against him.

A major roadblock in the extradition was cleared on May 14 when Mallya lost the case. Now the Narendra Modi government will have to bring him back in the next 28 days. Since May 14, it has already been more than 20 days since the UK court rejected his plea.

The former parliamentarian, who ran India’s largest spirits company, United Spirits, and founded the now defunct Kingfisher Airlines, faces charges of fraud and money laundering worth ₹9,000 crore. He left India in March 2016 under the pretext of personal reasons.

Mallya has defrauded at least 17 Indian banks, drawing loans which he allegedly routed to gain full or partial stake in about 40 companies abroad.

Mallya after losing an appeal in the London High Court on April 20 against an extradition order to India, filed an appeal in the UK Supreme Court last month.

On May 14, after the court ruling, he once again offered the central government that he will repay 100 per cent of his loan dues provided the case against him was closed. Mallya, however, said that his repeated offers to repay his dues have been ignored by the Modi government.

Earlier, the Central Bureau of Investigation (CBI) in a statement had said that the UK High Court order to extradite Mallya was a “milestone” in the agency’s quest for excellence and a reminder that economic offenders facing probes in large value frauds cannot consider themselves above the process merely because they have changed jurisdictions.

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