UK court postpones Indian tycoon Mallya's extradition

LONDON — A British court has postponed the final arguments in an extradition hearing for Indian business tycoon Vijay Mallya until Sept. 12, giving prosecutors time to prove that the conditions in a jail in which he would be held pending trial in India are humane.

India wants the 62-year-old businessman to stand trial on money laundering charges. He is fighting to remain in Britain, arguing the charges are politically motivated.

Mallya is accused of misusing loans he obtained to support Kingfisher Airlines in 2009. Prosecutors say he used the money to support his Formula One racing team and other endeavors.

Wearing a tailored dark suit, Mallya listened intently to arguments during the 45-minute hearing Tuesday at Westminster Magistrates Court. Some 30 reporters and television crews mobbed him outside the hearing.

You may also like these

France, Australia call on China to observe rules

May 2, 2018

French President Emmanuel Macron and Australian Prime Minister Malcolm Turnbull have issued a...

China ambassador urges Australia against 'bias...

Jun 19, 2018

China's ambassador to Australia says the strained diplomatic relationship between the two countries...

Australian Senate delivers $106 billion in income...

Jun 21, 2018

Australia's prime minister has won a political victory with the Senate passing personal income tax...

Prince Harry opens memorial as royal tour...

Oct 20, 2018

Prince Harry has paid tribute to Australian servicemen and women by opening a new wing of a war...

China promises cooperation on steel at global...

Sep 5, 2016

China promises cooperation on steel at global summit amid pressure for trade curbs

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!