The UK home secretary has ordered the extradition of Vijay Mallya, the Indian multimillionaire chairman of Kingfisher beer and former Force India Formula One team owner, over allegations of 1bn pounds fraud.
Sajid Javid, the new home secretary, in charge of the UK’s immigration, security and counter-terrorism efforts formally ordered Mallya, who owns two multi-million UK properties and until last year had two superyachts, to be extradited, stating that the 63-year-old businessman is “accused in India of conspiracy to defraud, making false representations and money laundering offences”, here on Monday.
Mallya, the self-proclaimed “king of the good times” who lives in a 11.5m pounds mansion in the sleepy Hertfordshire village of Tewin, said he would appeal against the extradition. “I could not initiate the appeal process before a decision by the home secretary. Now I will initiate the appeal process,” he said on Twitter.
After the decision was handed down on December 10,2018 by the Westminster Magistrates Court, I stated my intention to appeal. I could not initiate the appeal process before a decision by the Home Secretary. Now I will initiate the appeal process.
— Vijay Mallya (@TheVijayMallya) February 4, 2019
He has been fighting the extradition order and has previously dismissed the allegations that he fled India leaving a trail of 977m pounds worth of debts as ‘ludicrous’. He has said he made an ‘unconditional’ offer to pay what he owed in full in July 2018.