On Monday before appearing to the London’s Westminster Court, liquor baron Vijay Mallya said the charges against him were false, fabricated and baseless.
Mallya told, “I have said constantly that the charges are false, fabricated and baseless. I have nothing to say; the submissions in court will be self-evident. I am not a decision maker. I follow the proceedings. They are all public proceedings”.
A four-member team from the Central Bureau of Investigation, which is pursuing the case, was at the court. The Crown Prosecution Service led by barrister Mark Summers is arguing on behalf of the Indian government.
Mallya, who shifted to the UK, is wanted in India for financial irregularities involving a total amount of Rupees 9,000 crore as well as money laundering.
Over the next ten days, the chief magistrate at Westminster Magistrate’s Court, Emma Arbuthnot, will hear the case presented by Britain’s Crown Prosecution Service on behalf of the Indian Government and the defence on which Mallya will hope to thwart efforts to return him to India to face prosecution.
In an earlier hearing, he appeared before the chief magistrate at Westminster Magistrate’s Court.
One of the main arguments of the defence is that he fears for his life in India, so the prosecution is preparing a submission by the Indian Government outlining the security measures that will be in place for Mallya, once he is extradited to India.
Mallya is out on a 650,000-pound bail bond following his arrest by Scotland Yard over fraud and money laundering charges.
The trial will continue on the 5th, 6th, 7th, 11th, 12th, 13th and 14th of December.
Vijay Mallya’s Kingfisher Airlines owes Rupees. 9,000 crores to a consortium of banks.
He left the country in March 2016 when the banks united to scale up their efforts to recover the money.