Team  SoOLEGAL

Mallya extradition case : British Judge finds evidence of wrong doing on part of banks while granting loans to Kingfisher Airlines

Team SoOLEGAL 17 Mar 2018 3:24pm

Mallya extradition case : British Judge finds evidence of wrong doing on part of  banks while granting loans to Kingfisher Airlines

The British judge Arbuthnot hearing the extradition case of liquor baron Vijay Mallya  said that it was blindingly obvious that rules were  broken by Indian banks while  sanctioning loans to Vijay Mallya owned Kingfisher Airlines.

Mallya is wanted in a Rs 9,000 crore fraud and money laundering case in India and is facing extradition trial in British court.

She said ,"There are clear signs that the banks seem to have gone against their own guidelines [in sanctioning some of the loans], inviting the Indian authorities to explain the case against some of the bank officials involved because that relates to the conspiracy point against Mallya ".

The lawyer representing Mallya,Clare Montgomery argued that evidence provided by prosecution is inadmissible because it is  privileged conversation between Mallya and his lawyer regarding "legal advice in clear contemplation of litigation" .

Pointing out that Mallya had chosen not to give evidence in the case,Government of India's counsel, Mark Summers rejected the defence claims on the evidence as nonsense .

Discussing a separate category of evidence presented by the Indian government, Montgomery had questioned whether the investigating officers in the case were reliable. She pointed to over 150 pages of "near identical material" purporting to be statements of witnesses taken under Section 161 of the Indian CrPC.

Dismissing the nature and source of these witness statements, Mallya’s defence had argued that they do not meet "obligations" under the India-UK extradition treaty to provide "proper" statements. The Indian authorities have, however, stressed that they are confident that the evidence meets all the requirements under the treaty.

Mallya was arrested by Scotland Yard on an extradition warrant in April 2017 and has been out on bail on a bond worth 650,000 pounds.

The  “admissibility of evidence” will be heard by the court over the next few days, following which the judgment in the case is likely to be reserved for June end.




Tagged: UK Court   Vijay Mallya   Extradition   Kingfisher Airlines  
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