Vijay Mallya is accused in money laundering and violating the Foreign Exchange Management Act (FEMA).
In a big development in Vijay Mallya extradition case,UK Home Secretary Sajid Javid today has signed the order to extradite Mallya to India. Mallya now has a 14-day window to appeal to a higher court. According to multiple sources, the entire procedure to bring back Mallya to India may take at least 7-8 months if he uses all his legal options.
The UK Home Office confirmed that Sajid Javid — having carefully considered all relevant matters — signed the order on Monday, February 4. Vijay Mallya was facing charges of fraud, money laundering and violation of Foreign Exchange Management Act (FEMA). The 62-year-old liquor baron has also defaulted to the tune of Rs 9,000 crore.
Westminster Magistrates’ Court (on 10 December) sent the case of Vijay Mallya to the Home Secretary for a decision on whether to order extradition.
In December, the businessman had told reporters soon after the ruling by Chief Magistrate Emma Arbuthnot in London, that he would consider the verdict in detail and decide his next course of action. His legal team later confirmed that he will seek leave to appeal against the court order.
Reacting to the news of UK Home Secrectary clearing Mallya's extradition, union minister Arun Jaitley tweeted "Modi Government clears one more step to get Mallya extradited while Opposition rallies around the Saradha Scamsters."
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