Business Standard Fugitive tycoon Vijay Mallya's extradition to India approved by UK minister
Mallya is wanted for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore
Current Affairs: UK Home Secretary Sajid Javid has ordered the extradition of Vijay Mallya on charges of conspiracy to defraud and money laundering offences, the Home Office said on Monday, in a major blow to the embattled liquor baron. The 63-year-old businessman had been found to have a case to answer before the Indian courts by Westminster Magistrates' Court in London on December 10, 2018. Javid had two months from that date to sign off on that order. The UK Home Office confirmed on Monday that after considering all matters, the minister had signed Mallya's extradition order on Sunday. ALSO READ: Mallya says value of assets attached crossed Rs 13,000 cr; demands justice "On February 3, the Secretary of State, having carefully considered all relevant matters, signed the order for Vijay Mallya's extradition to India," a Home Office spokesperson said.
"Vijay Mallya is accused in India of conspiracy to defraud, making false representations and money laundering offences," the spokesperson added...Read More