UK: Vijay Mallya to face extradition hearing on Monday
London : India's most wanted business tycoon Vijay Mallya will be facing extradition hearing in London on Monday that will determine whether he should be sent back to India or not in money laundering case.
The eight-day long Westminster Magistrates Court hearing that begins from Monday will be followed closely by India.
Vijay Mallya in his last media encounter had claimed the allegations baseless and false; replying to a reporter's query on when he will return to India, the liquor baron said, "it is none of your business."
Vijay Mallya had escaped from India after the banks pressurised him to pay back loans amounting to $1 billion.
He had run into trouble after Indian government cancelled Kingfisher Airlines license in 2012 for non payment of salary to the staff for months.
Mr. Mallya had launched Kingfisher Airlines in 2005 and the carrier set new standards for quality and service, forcing competing airlines to improve. The airlines collapsed after it made an attempt to expand.
He has been living in Britain since March 2016 and has refused to return to India to face trial in the Kingfisher Airlines case. India canceled his passport and began an extradition process.