As diamond merchant Nirav Modi faces extradition from the UK on February 25, the fact is that India has not had much success in this sphere. With Vijay Mallya too facing extradition, the issue is a complex one.
In May 2020, Mallya had lost all his appeals in the British Supreme Court against his extradition to India to face money laundering and fraud charges. Since then, India has been pressing the UK government to extradite him.
The Supreme Court today dismissed fugitive Indian liquor tycoon Vijay Mallya’s review petition against a May 2017 judgment of the apex court. That order had held him guilty of contempt of court for violating its orders and those of the Karnataka High Court.
The Supreme Court has sought an explanation from its Registry as to why review petition filed by Vijay Mallya against the judgment of May 2017 wherein he was found guilty of contempt for not paying Rs 9000 crore to banks, was not listed before the court for last three years.
As reported swirled about the imminent return of fugitive businessman Vijay Mallya who has exhausted all options in his battle against extradition, British authorities have said there is a still a long way to go before the former liquor tycoon’s formal handover to India.