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Your email address will not be published.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 *

Subscribe to our newsletters

Job vacancies

Administrative Assistant

Swig Wines Ltd
Chiswick, London, UK

HR Manager

Amathus Drinks PLC
London, UK

Beer Development Specialist

Matthew Clark
London, UK

Senior Sales Manager

Haynes Hanson & Clark
Gloucestershire, GB

Customer Services Administrator

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Group
London, UK

Inventory Analyst

Bibendum PLB
London, UK

Events Executive - Atom Supplies

ATOM Supplies Limited
London, UK

Off-Trade Sales Account Executive

Domaine Direct
Nationwide, working from a combination of home & London office.

Sales Executive/Brand Ambassador

Glenfarclas
Ballindalloch, Speyside, UK

Client Manager

Noble Rot
Wandsworth, London, GB

Spirits Investment Director

Stilnovisti
London, UK

Junior Brand Manager

Enotria Winecellars
Park Royal, London, UK

Content & Digital Assistant

ABVGlobal
London, UK

Sales Manager

Cellar Trends
London, UK

Champagne Masters 2017

Deadline : 7th July 2017

The Global Sparkling Masters 2017

Deadline : 10th July 2017

The Global Malbec Masters 2017

Deadline : 10th July 2017

The Global Syrah Masters 2017

Deadline : 18th July 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more