Thursday, April 20, 2017

India needs a strong case to ensure tycoon’s extradition

With the arrest of Vijay Mallya in London on Tuesday – on charges of money laundering, cheating and conspiracy – India has taken its first step towards his extradition.

The arrest shows both the Indian government’s intent to eliminate corruption by acting against those who misuse taxpayers’ money and Britain’s willingness to cooperate.

India made an extradition request for Mallya in February, and Finance Minister Arun Jaitley’s visit to the UK in March helped in speeding up the process.
rest shows the wheels of justice have started to turn

For India, Mallya’s arrest is the second strike against corruption after demonetization in November last year. Prime Minister Narendra Modi’s government wants Mallya returned after it took the blame for failing to stop him from fleeing to London in March last year. Mallya was then a member of the upper house of Parliament.

His arrest sends a strong message that the law will catch up with corrupt Indians wherever they are. The former liquor and aviation tycoon left India when courts issued him with summons and banks went after him over US$1.4 billion in loans given to his failed Kingfisher Airlines.

Yet Mallya’s extradition may take months – as he will challenge it in the courts. The legal battle begins on May 17 when his case will be heard by Westminster magistrates court.
19/04/17 Asia Times