etvfutures.com
etvfutures.com June 22, 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.



Other News

Trending Now

US Federal Reserve raises rates, gives details on balance sheet reduction
Vocus Group rose 1.4 percent after the telecom operator reaffirmed its outlook for full-year underlying profit. The S&P 500 .spx was last down 0.1 percent after being down 0.06 percent just before the decision.

Jordan Spieth expects lower than average US Open scores
The terrain at Erin Hills , which will be the first par-72 course to host the U.S. Also, it has massively wide fairways that straight hitters are not going to miss.

United signs Sweden defender Lindelof from Benfica
The upshot of this for other Premier League teams is that Smalling could be available for as little as £15 million. He has two years left on his existing deal and is keen to know where he stands going forward with United.

Aston Martin Vantage AMR Unveiled, Just 300 Will Be Made
These are people who love our cars for their motorsport pedigree, and for their unmistakable dynamic and emotional qualities. In addition, Aston Martin's range of AMR accessories will allow buyers to personalise their vehicle in even more detail.

Texas congressman's staffer among those wounded in shooting
We had no arms, all we had were bats. "It could have been a bad situation if he could have gotten onto the field". Williams later confirmed that Barth was the aide who was shot and said he's expected to make a full recovery.

USA college student released by North Korea home, but in coma
Death while in captivity would have yielded no concessions for North Korea from Kim's perspective, according to the report. State Department officials are accompanying Warmbier from Sapporo to Cincinnati. "But this family is remarkably strong".

Deputies seize meth-laced lollipops worth $1M
The bust came about after a neighbor called police reporting what they believed to be a burglary in progress, CNN reported. Two people were found leaving a home with the drug-laced lollipops , KPRC reported .

Sandy Hook group dumps Megyn Kelly as event host
Sandy Hook parents are furious, and, writing at the conservative Red State, Andrea Kutz asks , "What is Megyn Kelly thinking?..." However, it's possible that things could change before Kelly's latest controversial interview is set to go out on June 18.

Tim Farron resigns as leader of Lib Dems
Farron said he is unable to continue because he is too torn between his Christian faith and his duties as a political leader. We can be proud of the progress we have made together, although there is much more we need to do.

MI health chief charged with involuntary manslaughter in Flint water probe
Top health officials in the state knew about the outbreak for months, investigators said, but did nothing to warn the public. Lyon "willfully disregarded the deadly nature of the Legionnaires' disease outbreak", according to charging document.