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British court fixes July 2 for oral hearing of Vijay Mallya’s plea

The London High Court will hear fugitive Indian business tycoon, Vijay Mallya's oral plea on July 2, the Crown Prosecution Service (CPS) said yesterday (1).

The hearing has been scheduled after Mallya filed a petition to appeal against his extradition order to India.


On February 4, British home secretary Sajid Javid signed an order to extradite former boss of the grounded Kingfisher Airlines to India to face legal proceedings inconnection with alleged financial irregularities.

Mallya opted to seek an oral hearing after his written application for permission to appeal against his extradition order was rejected on April 5.

A spokesperson for the CPS said: “The oral hearing on whether or not Vijay Mallya should be granted permission to appeal against extradition will be on July 2 at the High Court”.

“It is listed for one day. The judges will probably reserve their decision, but if the argument ends early enough they could give their decision the same day,” added CPS, which acts on behalf of the Indian government in the UK courts.

The 63-year-old Mallya is fighting against his extradition order from the UK to India to face charges of fraud and money laundering amounting to an estimated £1 billion.

Mallya is also facing a flurry of other legal cases in the UK courts related to a worldwide freezing order and a threat of foreclosure of one of his residences in London.

The embattled business tycoon is on bail on an extradition warrant executed by Scotland Yard in April 2017.

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Aegon exits UK after 200 years as £2bn deal hands business to Standard Life
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  • Aegon sells its UK arm to Standard Life in a £2bn deal.
  • The move is part of a broader shift towards the US market.
  • The combined group will serve 16 million customers with £480bn in assets.

After nearly two centuries of presence, Aegon is stepping away from the UK market. The company has agreed to sell its UK business to Standard Life in a deal valued at about £2bn, marking a significant shift in its global strategy.

The transaction brings together two large pensions and savings businesses, creating a combined group with around 16 million customers and £480bn ($651bn) in assets under administration. For Aegon, the move is less about the UK itself and more about where it wants to be next.

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