Economic Offender Act: Can’t tell now when I will return to India Vijay Mallya’s big statement in court

News India Live, Digital Desk: Vijay Mallya, former owner of Kingfisher Airlines and busy in ‘London Diary’, has once again left Indian investigative agencies and courts in limbo. During the hearing in the court, Mallya said that there is no fixed timeline for his return to India. Mallya, accused in the bank loan fraud case of more than Rs 9,000 crore, has been taking refuge in Britain since March 2016. Mallya’s plea in the court: “The matter is still under consideration.” Between the London court and the Indian legal process, Mallya has expressed his inability to return. Legal complications: Mallya’s lawyers say that some “confidential legal processes” are going on in Britain, without the completion of which he cannot be sent to India. Could.Recourse to British law: Experts believe that Mallya is trying to prolong extradition by taking advantage of Britain’s refugee rules and human rights laws.Stance of Indian agencies: CBI and Enforcement Directorate (ED) are continuously putting pressure to confiscate Mallya’s properties and bring them back, but legal hurdles remain a hindrance.9000 crore scam and ‘fugitive’ TagVijay Mallya is accused of defrauding a group of Indian banks (mainly SBI). Kingfisher Airlines: Mallya allegedly shifted the loan worth thousands of crores taken in the name of saving this airline to other countries. FEO Act: Mallya was the first person in India to be declared a criminal under the Fugitive Economic Offenders Act (FEOA). Auction of assets: Till now banks have recovered a large part of the loan by selling Mallya’s shares and properties. Has been taken, but Mallya’s personal appearance is still pending. Will Mallya ever come back? The British government has already approved his extradition, but the case is pending due to seeking ‘asylum’ or other technical reasons. The Indian Ministry of External Affairs is in constant touch with the UK Government to resolve this ‘secret’ legal hurdle.