Vijay Mallya loses appeal against extradition to India

The High Court in London last Monday rejected Vijay Mallya's appeal to quash his extradition to India. The former founder of Force India who bought the Spyker team F1 in 2007 took out significant loans that he allegedly failed to repay following the bankruptcy of his airline Kingfisher Airlines.

Vijay Mallya does not intend to return to India and intends to use all possibilities to maintain his freedom.

“I am understandably disappointed by the High Court’s decision. I will continue to use the legal remedies advised by my lawyers, the former owner of Force India said on Twitter. The banks have already received 50% of the amount. I offered to reimburse the banks several times, but they did not take advantage of it. »

I am naturally disappointed with the High Court decision. 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 9000 crores.

—Vijay Mallya (@TheVijayMallya) April 20, 2020

India sued the businessman, demanding 1,4 billion dollars (around 1,29 billion euros).