Interpol has completed an initial review of India’s application seeking a red corner notice (RCN) against Vijay Mallya and has decided there is no case to issue a notice right away, according to a CNBC TV18 report on Friday.
Citing sources, the channel reported that Interpol has ruled that India has not proved criminal offence on Mallya’s part and that there is no concrete evidence at this point of time to issue an RCN.
Interpol is now likely to send a directive to Mallya seeking his view on the government’s request. A complete review of the application is likely to take two to three months, it said.
The government had in May requested Interpol to issue the RCN against Mallya after the UK declined its request to deport him in connection with its money-laundering probe. RCNs are issued to arrest and extradite offenders to the country where they are wanted.
Lawyers and senior officials of investigative agencies have all along felt that it may not be easy for the Enforcement Directorate to obtain an RCN against Mallya.
That’s because he can always always file an appeal with Interpol against the notice.
Even if an extradition order is issued, Mallya can challenge it in a court in the UK.
Mallya, chairman of the now defunct Kingfisher Airlines, is alleged to have defaulted on bank loans of over Rs 9,400 crore. The company is under the scanner of multiple investigating agencies in the country.