Vijay Mallya given bail

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Your email address will not be published.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

Press Officer

Speciality Drinks
London, UK

UK Private Clients Manager

Ditton Wine Traders
London, UK

London Business Development Manager

Maisons Marques et Domaines UK Ltd

Head of Buying - Spirits

Enotria&Coe
West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Bruichladdich
Islay, UK

Senior London Account Manager

The Drinks Club
London, UK

On-Trade London Sales Executive

Domaine Direct
London, UK

Trade Marketing Manager

Boisset, La Famille des Grands Vins
Either, within the M25/ Cheshire/ Southampton , UK

Vinisud

Montpellier,France
18th Feb 2018

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more