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PMLA case: Vijay Mallya appears for pre-trial extradition hearing

PMLA case: Vijay Mallya appears for pre-trial extradition hearing
20 Nov 2017
  • Businessman Vijay Mallya arrived at London's Westminster Magistrates' Court for his pre-trial extradition hearing.
  • He was earlier exempted from appearing in court until his extradition trial, which is now scheduled for eight days starting December 4.
  • Mallya has consistently stressed that he has done nothing wrong.
  • He said, "It will all become clear in court."
  • How has the extradition case progressed? Read on!

  • What is the PMLA case against Mallya?
    PMLA case
  • Under the 2002 Prevention of Money Laundering Act (PMLA), Mallya stands accused of willfully defaulting on loans worth Rs. 9,000cr taken from a consortium of Indian banks.
  • Mallya had allegedly hidden about Rs. 1,760cr of assets in shell companies abroad.
  • The chairman of the now-defunct Kingfisher Airlines has been on a self-imposed exile since 2016 in UK to avoid getting booked for financial offenses.

  • Mallya's arrest and subsequent release
    Arrest and release
  • In April'17, Mallya was arrested on an Indian complaint filed with the Scotland Yard; however, he was soon released on bail on the extradition order.
  • UK's Crown Prosecution Service (CPS) is arguing the case on behalf of the Indian authorities.
  • They had slapped "supplemental charges" of money laundering, apart from the fraud charges already filed, against Mallya during the last hearing on October 3.

  • How has the case proceeded until now?
  • After filing money laundering charges, CPS said it was technically re-filing the extradition request.
  • The judge, Chief Magistrate Emma Louise Arbuthnot, subsequently agreed to formally re-open a new case but continue with the earlier December 4 trial hearing.
  • But, she agreed with Mallya's lawyers that if CPS continues providing new evidence it would put the December 4 trial date at "risk."

  • UK rejected extradition requests: Will it be similar with Mallya?
  • India and UK have an extradition treaty since 1992; however, the extradition of alleged bookie Sanjeev Chawla and British-Indian couple Jatinder and Asha Angurala for bank fraud were rejected.
  • Chawla's was rejected on the grounds that severe conditions in Tihar jail would violate his human rights.
  • Mallya, meanwhile, is arguing that he fears for his life if he returns to India.

  • What are the possible steps?
  • What could be the possible steps?
  • If the judge rules for extradition, the UK home secretary will order Mallya's extradition within two months.
  • In case the date is pushed due to new evidence, the judge could release Mallya on bail. Conditions include providing a bail bond worth 650,000 pounds and surrendering his passport.
  • The case, however, could go through appeals before reaching a conclusion.

  • This post first appeared on NewsBytes: Latest News, Breaking News India, Today News, Current News, please read the originial post: here

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    PMLA case: Vijay Mallya appears for pre-trial extradition hearing


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