Vijay Mallya given bail

14th June, 2017 by Ron Emler

Vijay Mallya, the former head of United Spirits and Kingfisher Airlines, has been given bail until 4 December, when a hearing lasting up to a fortnight has been scheduled on India’s request for him to be extradited from Britain.

The beleaguered tycoon, who is wanted in India for defaulting on loans from several banks and contempt of India’s Supreme Court, yesterday came out of Westminster Magistrates court fighting. He told reporters that he is confident that the case against him will be dismissed. He denies all the charges.

“I have not eluded any court…I have enough evidence to prove my case,” Mallya said. “I don’t make statements to the media because anything I say is twisted. There is enough evidence; that will speak.”

“I go to cheer India in a cricket match and it becomes a media frenzy. It’s better I don’t say anything,” he added.

When asked about the estimated £1 billion he allegedly owes the consortium of banks, Mallya retorted: “You can keep dreaming about £1 billion. You don’t know the facts so don’t ask irrelevant questions.”

After coming out of the court, Mallya said it was his lawful duty to be there and that he will make his submission before the appropriate court.

Mallya has been in the UK since March 2016 and was arrested by Scotland Yard on an extradition warrant on 18 April. He was quickly released after furnishing a bail bond worth £650,000 and assuring the court of abiding by all conditions associated with extradition proceedings, such as the surrender of his passport and a ban on him possessing any travel documents.

An initial case management hearing date of 17 May had been postponed to 13 June.

The next hearing in the process is scheduled for 6 July but Mallya’s defence team revealed that a second extradition request is expected from the Indian government.

Whatever the eventual verdict, the case is likely to go through a series of appeals before its conclusion.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

National Sales Manager

Maverick Drinks
Field based, UK

Regional Sales Executive

EWGA
Gloucestershire, UK

Senior Content Writer

Rude Wines
Ledbury, UK

Events and Trips Manager

Berkmann Wine Cellars
London, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more