Mallya loses extradition appeal

Vijay Mallya

Beleaguered liquor baron Vijay Mallya, who lost his appeal against extradition in the London high court and could be extradited to India within a couple of months, told TOI late on Monday that he was "naturally disappointed" he had lost his appeal.

"I will continue to pursue further legal remedies as advised by my lawyers. I am also disappointed with the media narrative which states that I must face trial in India for a fraud of Rs 9,000 crores. I have repeatedly offered to repay the banks in full but, sadly, to no avail," Mallya said.

Following the verdict, Mallya has 14 days to apply for permission to appeal to the Supreme Court in the UK. If the embattled tycoon decides not to pursue that route, the case would then go to the UK Home Office led by UK Home Secretary Priti Patel.

"We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India," the judges ruled.