10 Dec 2018
AP — A British court handed charismatic Indian tycoon Vijay Mallya a substantial setback Monday by ruling he should be extradited to India to face financial fraud allegations.
Judge Emma Arbuthnot Monday endorsed the Indian government’s request for Mallya’s extradition and said she would send the case to Britain’s Home Secretary for review and action.
Mallya, who in 1983 became chairman of an alcohol company once led by his father, was a leading figure among India’s business elite. He launched Kingfisher Airlines and had an ownership stake in India’s Formula One racing team.
Mallya is accused by India of money laundering and conspiracy involving hundreds of millions of dollars. He has denied wrongdoing.
Link to AP.
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