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.
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Whilst I would love to have the opportunity to see Toure play again in the Premier League I believe such a move would be unlikely. Toure hasn't played a game since the start of November and has made only three starts for the Greek club.
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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Home Secretary Sajid Javid added: "The last thing our country needs right now is a Conservative Party leadership election". May said on Monday she was delaying the planned vote as her deal would likely be rejected "by a significant margin".
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".