July 23, 2017

New setback for Vijay Mallya, ED files chargesheet in money laundering case

15 June 2017, 02:03 | Lena Norman

Loan defaulter and industrialist Vijay MallyaTwitter Vijay Mallya

Loan defaulter and industrialist Vijay MallyaTwitter  Vijay Mallya

The 5,500-page charge sheet, with voluminous annexures and statements and 57 pages of complaint, was filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special PMLA court.

Judge Emma Arbuthnot said a case management hearing will be held at the same court on July 6 with an eye toward a full hearing on December 4.

The next hearing will be held on July 6 when Mr Mallya, who was granted an extension to his bail, was told he need not attend.

Mallya (61), sought by India for defaulting on several bank loans amounting to almost Rs 9,000 crore, had on Tuesday claimed during his court appearance in London that he has "enough evidence" to plead his case and taunted authorities saying, "you can keep dreaming about a billion pounds".

Intense hate campaign by Indian media against me knows no bounds. Mallya is reportedly being chased by authorities for over a billion dollars he owes to banks from his failed Kingfisher Airlines company. "It's better I don't say anything", he said, adding two people, in a drunken state, called him a "thief" outside the stadium.

When a questioner noted that he has been in Britain for the last 15 months and was eluding courts in India, he said: "I have not eluded any court". In May this year, a joint team comprising CBI and ED officials had met with British prosecutors and legal counsels in London to apprise them about the "depth of evidence" they possessed against Mallya.

Summerhays takes advantage of Dufner collapse at Memorial
Certainly, it looked like it would be inevitable, at least at the time, but the amount of time on top was wildly underestimated. Fowler and Dufner lived under the same roof during the winter months when Dufner came down to south Florida to play some golf.

Before entering the court he said to reporters: "I deny all allegations that have been made and I will continue to deny them".

This observation was made after Aaron Watkins representing India said that the Crown Prosecution Service needed 4 weeks times to receive the rest of the evidence India and also to review it.

He stepped down as the director of the Indian Premier League cricket team Royal Challengers Bangalore a year ago.

Mallya, who co-owns Formula One team Force India, was arrested in London in April following an extradition request from India and granted bail.

That didn't leave chief magistrate Emma Arbuthnot at Westminster magistrates' court very happy, Huffington Post reported.

Mallya also said he had "enough evidence" to fight the case, but parried a question whether he fears that a trial in India would be unfair to him.

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