Open Access Research Article
COMPREHENDING THE DOMAIN OF EXTRADITION LAWS (Saurav Kataria, NipunGarg & Aman Agrawal )
Published Paper
Article Details
Vijay Mallya is an Indian businessman who is now
battling extradition to the United Kingdom. Mallya, who owes an estimated Rs
9,000 crore to 17 Indian banks, is facing charges of fraud and money laundering
in the nation. Additionally, Mallya is a former RajyaSabha member and the
former chairman of United Spirits. He is still chairman of United Breweries
Group. He formerly served as chairman of many firms, including Sanofi India and
Bayer CropScience. Vijay Mallya's name is most strongly connected with the now-defunct
Kingfisher Airlines, of all his enterprises. The aviation firm, founded in
2005, proved to be his undoing, as its business model imploded in 2008 due to a
worldwide recession and increasing fuel prices. Mallya moved to the United
Kingdom in 2016 after under pressure from lenders following the airline's
demise. Mallya has made a public promise to repay his debts and stated that he
has been doing so since 2016. Mallya has been stationed in the United Kingdom
since March 2016 and is on bail pending the outcome of a
three-year-old extradition warrant issued by Scotland
Yard. Mallya has refuted all claims and openly pledged to repay the loans in
full. Mallya issued an open letter defending himself just before departing the
country in 2016. "All investigations undertaken to far have shown no
indication of monies being misappropriated by Kingfisher Airlines or
myself," Mallya stated. "Despite guaranteeing blue-chip securities
and making hefty court deposits, a sophisticated misinformation effort has elevated
me to the status of the poster boy for all bank non-performing assets."
Mallya acquired UB Spirits from his father and transformed it into India's
largest spirits manufacturer. At the age of 28, he was appointed chairman of UB
Group. However, the group's other businesses were not as successful, with
Kingfisher Airlines being the most egregious failure. Kingfisher Airlines began
operations in 2005 but was forced to cease operations in 2012 due to a mounting
financial burden. Additionally, the airline is being examined for possible
money laundering and financial irregularities. Mallya departed the country on
March 2, 2016, the day a slew of public-sector banks filed a complaint against
him with the Debt Recovery Tribunal. He was labelled a fugitive economic
offender in January 2019 under the Fugitive Economic Offenders Act. India is
making every attempt to extradite Mallya from the United Kingdom. The UK Home
Secretary authorised the extradition in February 2019. Mallya has launched an
appeal against the ruling at the London High Court.
Despite the extensive statutory framework and
operational machinery in place to extradite foreign nationals to India, only 65
fugitives have been extradited to India since 2002 demonstrating that the
surrender process is quite lengthy and tedious, frequently taking years to
complete and, in some cases, remaining unsuccessful. Without a doubt, it helps
fugitive criminals charged with crimes in India to elude capture and punishment
for years on end. The Ordinance is a positive move, but its long-term
advantages and capacity to convince other states to cooperate with India to
accelerate the extradition process remain to be seen. International crime is
rising daily. Extradition legislation assists in preventing a person who
committed a crime outside of a refugee state from evading prosecution. Each
country has its own extraction laws, which are referenced in international
legislation as well. These rules are important to provide deterrence and to
preserve international law and order.
Article Information
COMPREHENDING THE DOMAIN OF EXTRADITION LAWS (Saurav Kataria, NipunGarg & Aman Agrawal )
Author Name: Saurav Kataria, NipunGarg & Aman Agrawal
Title: COMPREHENDING THE DOMAIN OF EXTRADITION LAWS
Email Id: saurav9549k@gmail.com
- Journal IJLRA
- ISSN 2582-6433
- Published 2022/05/02
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International Journal for Legal Research and Analysis
- Abbreviation IJLRA
- ISSN 2582-6433
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