News

18 April 2017

Andrew Smith comments on Vijay Mallya extradition hearing in Reuters, CNBC, Yahoo! Finance and Daily Mail

Indian businessman Vijay Mallya, who has been pursued by authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London on Tuesday and later given bail.

India had asked Britain to extradite Mallya to face trial after the liquor and aviation tycoon fled there last March after banks sued to recover about $1.4 billion that Indian authorities say Kingfisher owes.

“The court usually focuses on whether there is sufficient criminality to extradite someone,” said Andrew Smith, a partner at London law firm Corker Binning. “India needs to show a prima facie evidential case against this man.”

Read the full article in Reuters, CNBC, Yahoo! Finance and Daily Mail.