Vijay Mallya Accused Again-India Restate Fraud Charges
New Delhi : Liquor baron Vijay Mallya has been reaffirmed with fraud charges by the Indian Government. The documents and witness statements submitted to the Westminster Magistrates Court were clear cut proof of his dishonesty on the part of the businessman. He is facing charges for money laundering in India.
The court hearing of Mallya’s extradition case faced powerful arguments as judge Emma Arbuthnot described the case as a "jigsaw puzzle" with multiple portions of "massive evidence which has been put together to paint a picture. She said that she can now see the exact situation more clearly. Accordingly, “banks ignored their own guidelines...rules were broken,” following to the financial loans taken by Vijay Mallya and his companies.
The 62-year-old businessman has been facing accusation for financial misconduct of Rs. 9,000 crores. Mallya, who was temporarily arrested last year, had his bail extended until the next hearing date of hearing April 27.
Further, during the hearing Mallya’s lawyer Claire Montgomery claimed that the acceptability of India’s legal documents against him were meaningless. Accordingly, the judge asked for detailed information about the submitted emails. The Crown Prosecution Service (CPS), arguing on behalf of the Indian government, mentioned out their opinions against the defence calling into question the admissibility of proofs submitted by the Indian authorities.
CPS lawyer Mark Summers said some emails from Mallya proved intention of fraud, and alleged that he had pretended a story by force to “further fraud”. Mallya’s villa on Goa is likely to have connection with the case. He said, “He had no intention to honour obligations under the loans taken”. He mentioned that Mallya’s activities were part of his “fraudulent scheme”
Vijay Mallya flew from India to the UK in March 2017, when he found creditors went to him recover their dues after he reached a $75-million. The tycoon has been accused for misleading banks in India. More news about Mallya is yet to come up. Till then stay connected!