Ashok Prasad, Advisor Ministry of Home Affairs (MHA) while talking about the meeting between Indian Home Secretary and his UK counterpart said, “Discussions focused more on framework and process(of extradition treaty)” While talking about the Vijay Mallaya matter, Prasad said, “Vijay Mallaya issue was not discussed as the matter is now subjudice.” He further said, “Both sides have agreed to work together to ensure a smooth return of Indians overstaying in the UK subject to nationality verification.” This statement of the MHA advisor has come after Union Home Secretary Rajiv Mehrishi met with his UK HS Patsy Wilkinson today at the North Block in Delhi.
The absconding businessman was arrested by Scotland Yard last month for a few hours on fraud allegations, which triggered his extradition process in the British courts. However, Mallya was released on bail as he assured the court to abide by all conditions associated with extradition proceedings, including surrendering his passport.
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Liquor baron Vijay Mallya, who was once feted by the global business community, went from being the ‘King of good times’ to being labelled as a ‘wilful defaulter’ and then to an ‘absconder’. He fled to London in March 2016. Wanted in alleged cases of financial irregularities and loan defaults worth Rs 9,000 crore, Mallya was arrested in London on an extradition request by India earlier last month and now awaits trial. India is looking to get him extradited.
Some of Mallya’s problems stem from the now-grounded Kingfisher Airlines as it ran out of money to run its day-to-day operations. The problem started when during the year 2012, the company stopped paying salaries to its employees. It also failed to pay the oil companies their dues for buying jet fuel. And finally, it racked up massive debt in an effort to stay afloat. The effort did not work out and it could not even service its debt, repeatedly missing loan repayment instalments.