Extradition and Vijay Mallya- The Fugitive Economic Offender
For a very long time we all have been listening and following the news about the liquor baron Vijay Mallya and how he fled to other places in order to safeguard himself from the legal consequences awaiting in India. You will now get informed about how he will be returning back to the home country and under what provisions? But before going further these are some key points which should be noted: • The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have been pursuing the extradition of Mallya since 2016 through a legal battle in UK courts • Mallya and his firm Kingfisher Airlines has been charged with defaulting 10,000 crores loan by the Consortium of Indian banks led by SBI. • Mallya is being charged under cheating, criminal conspiracy, money laundering diversion of loan funds and then fleeing from the country. • Few of his companies including Kingfisher is facing charges of violations of the Companies Act 2013 and SEBI norms. • Mallya is accus