Nifty99000 100%

Sensex99000 100%

Article rating: 5.0
Article rating: 4.5
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: 3.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.3
Article rating: No rating
Article rating: 3.8
RSS

News

Mallya’s extradition: India expresses ’satisfaction’

Author: PTI/Wednesday, December 12, 2018/Categories: Legal

Mallya’s extradition: India expresses ’satisfaction’

New Delhi - India expressed “deep satisfaction” over the judgement of a UK court which ordered Vijay Mallya’s extradition after concluding that the “flashy billionaire” does have a case to answer in the Indian courts over substantial “misrepresentations” of his financial dealings.

Chief Magistrate of the Westminster Magistrates' Court in London, Judge Emma Arbuthnot ordered Mallya’s extradition, in a major boost to India’s efforts to bring back the 62-year-old former Kingfisher Airlines boss wanted for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores.

External affairs ministry spokesperson Raveesh Kumar said India will continue to work with the British government for “expeditious” implementation of the court order.

“We express our deep satisfaction at the judgement and note that justice has been delivered today. We thank the UK authorities for their help in this matter," Kumar said.

“We will continue to work with the UK government for expeditious implementation of the court order and early extradition of Mallya to India," he added.

Delivering the verdict at Westminster Magistrates' Court, Judge Arbuthnot said there is a prima facie case against Mallya and that she is satisfied that his human rights would not be infringed in Barrack 12 of Arthur Road Jail in Mumbai, where he is to be held on being extradited.

The court accepted the Indian government’s contention that because Mallya has such a “high profile”, his trial in India will be under great scrutiny and he will be able to raise with the court any overly prejudicial publicity.

Addressing the jail conditions, the judge expressed her satisfaction with the evidence provided by the Indian government, describing the video of Barrack 12 at Arthur Road Jail as an accurate portrayal of the conditions which will apply to Mallya. However, the court made a specific reference to special medical conditions being made available to the businessman, who is described as “far from healthy”.

The court also dismissed the defence’s attempts to dispute Indian prison conditions as a bar to his extradition on human rights grounds, saying the video of the Barrack 12 of Mumbai's Arthur Road Jail, where Mallya would be held, “gives accurate portrayal and has been recently redecorated”.

Print Rate this article:
No rating

Number of views (118)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free