The dismissal of India’s request to deport liquor-baron Vijay Mallya by the United Kingdom (UK) has come as a big blow to the Centre and the consortium of 17 banks which have together loaned Rs 9,000 crore to Mallya’s Kingfisher Airlines.
Though Mallya is deported back to India, it would be difficult to nail him in a court of law without evidence of fund diversion by the promoter.
“Under the 1971 Immigration Act, the UK doesn’t require an individual to hold a valid passport to remain in the UK if they have extant leave to remain in the UK. Acknowledging the seriousness of the allegations, it is keen to assist the Government of India. They have asked GoI to consider requesting legal assistance or extradition,” said ministry of external affairs spokesperson Vikas Swarup.
It may be mentioned here that the banks have twice rejected Mallya’s offer for partial payment.
The UK clearly stated that can consider an extradition request. It’s reply came a fortnight after India made a request for Mallya’s deportation, whose Indian passport was revoked to secure his presence for the investigations under Prevention of Money Laundering Act, 2002.
However, India was hoping to get the liquor baron deported from the UK and not go through the lengthy process of extradition.