The judgments were uploaded by Gotham Digest which monitors all Mutual Legal Assistance Treaty (MLAT) requests to Swiss Federal Courts. The Digest stated that the argument of Mallya’s Swiss lawyers that “the person in charge of the investigation (Special Director Rakesh Asthana) being himself accused of corruption did not convince the Court”.
Judge M S Azmi, in his order, said that if the submission of Mallya was taken to be true in its entirety that he had left the country for a scheduled meeting and had not gone secretly or illegally and hurriedly to avoid arrest, then “it would not be sufficient to hold that he is not a FEO as per the Act”.
Mallya, accused of defaulting on loans of over Rs 9,000 crore, was on January 5 declared a fugitive economic offender (FEO) by special Judge M S Azmi of the Prevention of Money Laundering Act (PMLA) court.
TLT LLP, the UK-based law firm, Monday confirmed that their bankruptcy petition against the 62-year-old businessman has been transferred to the insolvency list in London's High Court of Justice for a hearing in the first half of 2019.
On December 10, following the Westminster court order, Finance Minister Arun Jaitley tweeted: “Great Day for India. No one who cheats India will go scot free... An offender benefited during the UPA. The NDA brings him to book.”
Why are the Congress and the BJP fighting over Vijay Mallya? Is the Kerala nun's rape case the biggest blot on the church in India? And what did a Bharat bandh this week really achieve? Arun George answers the big questions of the week.
Triggering a political firestorm in India, fugitive businessman Vijay Mallya said in London Wednesday that he had “met the Finance Minister” before leaving India in 2016 and “repeated my offer to settle with the banks”.