Extradition hearing in the United Kingdom to start by magnate wanted by India – tech2.org

Extradition hearing in the United Kingdom to start by magnate wanted by India


Indian tycoon Vijay Mallya will face an extradition hearing in London that should determine if he is sent back to India to face allegations of money laundering related to the collapse of several of his businesses.

Hearing of the Court of Magistrates of Westminster, which starts on Monday and will last approximately eight days, will be widely followed in India, where Mallya is known for her striking lifestyle and luxurious parties attended by models of fashions and stars of Bollywood.

Mallya, who denies the accusations, once hailed as the Indian version of British entrepreneur Richard Branson for his investments in a liquor company, an airline, a Formula One team and a cricket club of the Indian Premier League.

In November, he called the accusations "unfounded and fabricated." When the journalists asked him why he did not return to India to answer the charges, he replied: "It's not your business."

The 61-year-old politician was also a politician for six years before resigning his post. the upper chamber of the Indian parliament last year, one day before an ethics committee recommended his expulsion.

Mallya launched Kingfisher Airlines in 2005 and the company set new standards for quality and service, forcing competing airlines to improve. But it had problems as it expanded. The Indian government suspended the airline's license in 2012 after it failed to pay the pilots and engineers for months.

That triggered the collapse of Mallya's many more businesses. He left India last year after a group of banks demanded that he return more than one billion in loans to his airline.

Lives in Britain since March 2016 and has refused to return to India to face trial in the Kingfisher Airlines case. India canceled her pbadport and began an extradition process.

In May, the Supreme Court of India ruled that Mallya had disobeyed his order forbidding him to transfer $ 40 million to his children.

Gurcharan Das, a New Delhi author and former executive director of Procter & Gamble India, said Mallya was an excellent salesman who built a great brand that included one of the country's favorite beers and a high-performance airline.

He said that Mallya, like many others, tried to expand too quickly, buying an airline without luxuries that did not fit well with his company. He said that Mallya's political connections have made him a national symbol of the dangers of friends' capitalism.

"I see it as a tragedy, it's someone who has outstanding talents," Das said. "What hurt him was his extravagant lifestyle, he did not bother to hide it, he boasted it, that, too, in the public imagination has turned him into a villain."

He said Mallya maintained up to a dozen fully staffed houses, as well as buying private jets and yachts, all in a poor country where most of the rich tend to hide their wealth.

But Das said that Mallya's biggest mistake was leaving India.

"I should have finished it out here," Das said. "There are a number of other entrepreneurs who owe much more money to the banks than he does, he just got scared and ran away."

Mallya has argued that Britain has long been his second home.

India The government this month rejected Mallya's argument that he would not be safe in an Indian prison if he was sent back, and planned to tell the court in London, according to the Press Trust of India news agency.

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