Mallya to stay confined to United Kingdom home

Vijay Mallya the'King of Good Times

Vijay Mallya the 'King of Good Times'

"Will it take another dozen years, 15 years, 30 years or our entire lifetime before Mallya is brought back and Rs 9,091 crore of people's money is recovered", Randeep Surjewala, in-charge of the AICC Communication Department said pointing out that Mallya was released on bail within hours of his arrest.

After Mallya went to live in London, the government faced huge criticism from the public and from opposition lawmakers for not preventing him from leaving the country and bringing him to trial. The primary court where his case is being considered will have only advisory jurisdiction and not adjunctory jurisdiction in this extradition matter.

"This is only one of the many steps in the right direction", said a senior official at State Bank of India (SBI), which leads a group of 16 banks that provided loans to Kingfisher Airlines Ltd, the grounded airline once led by Mallya.

"His arrest in London today was in connection with the request by the government to United Kingdom authorities for his extradition".

Coming down heavily on the Centre over Vijay Mallya's arrest, the Congress Party on Wednesday said making hullaballoo over the liquor baron's detention and celebrating it as a great achievement by the government is premature and unnecessary.

Tulsi said when there is a request for extradition then normally bail is granted only after 60 days, but Mallya was given the relief on the same day.

After getting bail, Mallya tweeted: "Usual Indian media hype".

The Enforcement Directorate in March and April 2016 issued a number of summons against Mallya to appear before it but he failed to do so.

In February, the Indian government handed over to British authorities a formal request for Mallya's extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.

State Bank of India on several occasions tried to auction off Mallya's properties including his private jet, property in Vile Parle and Goa and cars among others. In January, an Indian court ordered a consortium of lenders to start the process of recovering the loans. He is the owner of a Formula One team.

Echoing similar views, another BJP leader Sudesh Verma said the government has already clarified that it is not going to leave any stone unturned to get Mallya extradited and face prosecution in Indian courts.

His diplomatic passport was revoked in April a year ago after he repeatedly failed to appear before investigators.

India and Britain have a mixed record on extradition, say legal experts. The bankers were released on bail by the Bombay high court in March. However, unlike Mallya, he had submitted to the extradition order without legal challenge. "Criminals will not be spared", Gangwar told reporters in New Delhi after the arrest.

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