Mallya's extradition: Amit Shah says full credit goes to PM Modi

India expresses'deep satisfaction over the judgement of'flashy billionaire Mallya's extradition

Live Updates: Vijay Mallya to be extradited to India, says UK court

Ahead of the verdict, a joint team of Central Bureau of Investigation and Enforcement Directorate led by CBI joint director, Sai Manohar left for London. However, he said that it was wrong to link his payback offer with the extradition verdict as the case was under court's consideration and will take its own legal course.

The court was also told that a consortium of Indian banks, led by State Bank of India (SBI), had rejected an offer by the liquor baron in early 2016 to pay back almost 80 per cent of the principal loan amount owed to them.

He is accused by India of money laundering and conspiracy involving hundreds of millions of dollars.

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Notably, Mallya (62) is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores. We worked hard on this case.

Vijay Mallya's hearing in Westminster Magistrates' court on his extradition took place on Monday. "We are strong on Law and facts and we were confident while pursuing extradition process", reported ANI.

Chief Magistrate Judge Emma Arbuthnot dismissing the liquor baron's plea said that there was no "evidence" to suggest that Mallya if extradited to India, was at "real risk of suffering a flagrant denial of justice".

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Mallya said after the ruling that India has some of the best doctors in the world but he is concerned about whether he would have access to them while he is in prison.

During the probe, the agency had gathered enough evidence to show that Mallya allegedly diverted the loan funds from the objective for which they were given.

The judge, who was extremely critical of Indian banks, expressed her shock at the failure to obtain proper credit reports before certain loans were sanctioned by some of the state-owned Indian banks. "We thank the United Kingdom authorities for their help in this matter", Kumar said. "I noted the Supreme Court cleared Mr Asthana of the allegations made against his integrity and there was no reliable or significant evidence produced by the defence expert, Professor Saez, which undermined that finding".

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The liquor baron has been on bail since an extradition warrant was passed against him in April past year. He also said that his plea to return the money as filed in a Karnataka court was not "bogus".

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