Indian fugitive businessman and owner of Kingfisher Airlines Vijay Mallya is being extradited to India from the UK. After years of legal battle with the liquor baron, Indian authorities have finally gained success. His is plane is reportedly due to land in Mumbai anytime soon. He will be kept in Central Bureau of Investigation (CBI) custody until his hearing.
Mallya lost his last appeal in top UK court on 14 May 2020 against extradition to India. The arrival of ‘the king of good times’ might become one of the achievements of the Modi government. Mallya recently praised India’s response to Coronavirus pandemic and asked the government to accept a full payback of his loan. However, his offer did not receive any response from government of India. Experts say, the loan amount with interest and full charges will now be recovered from Mallya’s properties in India and overseas.
What was Vijay Mallya Fraud case?
Vijay Mallya is accused of duping many Indian banks of Rs 9000 crores. The business fled the country as debts piled up and went to UK on 2 March 2016. He was declared fugitive economic offender in January 2019. Many offenders including Nirav Modi are also being extradited by Indian authorities on account of fraud and other charges.
These businessmen generally take huge loans and tend to fly overseas when they are not able to pay them back. Mallya and Nirav Modi’s case is similar in this context.
Most loans are supposedly from Mally’s defunctioning Kingfisher Airlines. He is also the former owner of Royal Challengers Bangalore team in Indian Premier League (IPL). His extradition has been made possible because of an extradition treaty between India and the UK. It was signed in 1992 and is in force since November 1993.
Arthur Road Jail- House to Many Famous Criminals
After hearing Vijay Mallya’s plea in August 2018, a UK court asked Indian investigative authorities to share details of the prison where he would be kept after extradition. The agencies then shared a video of the cell at the Arthur Road Jail, Mumbai. They plan to keep Mallya after extradition at Arthur Road Jail.
Indian investigative agencies also informed the UK court that post-extradition Mallya would be lodged in one of the high-security barracks at the jail. The barracks are located in a two-storey building at the Arthur Road Jail complex.
Arthur Road Jail has housed some of the most notorious names from the underworld and the terror outfits.
Ajmal Kasab, the sole terrorist arrested for the 26/11 Mumbai attack, was kept at Arthur Road. Abu Salem, Peter Mukherjea, Mustafa Dossa, Chota Rajan, and the Rs 13,500 crore PNB fraud accused Vipul Ambani are or were housed there.
Vijay Mallya Extradition Importance for India
Mallya is only one of many financial offenders who defrauded Indian banks and ran overseas. There are many pending extraditions on India’s list which would need to be done to recover a substantial amount from them. Recovering Vijay Mallya’s debt would mean to be a huge victory for India and Modi government. The incoming flight may be delayed due to cyclone in Mumbai but it is certain that Mallya is coming back to India.
A clear message Indian government and the opposition parties could be expected as soon as Vijay Mallya steps on Indian soil. After running for almost five years, Indian authorities have finally gotten hold of one of the most sought after fraudster. As everyone is saying, the king of good times is not arriving at a very good time. India’s financial capital Mumbai is ravaged by Nisarga cyclone and Coronavirus pandemic. It is the worst infected city in India. People will now wait to see what will be Mallya’s next action upon returning to India.