Billionaire playboy Mallya: UK court describes Mallya in verdict
Billionaire playboy Mallya, While giving the verdict allowing extradition of fugitive businessman Vijay Mallya, a UK court described him as “glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy who charmed and cajoled these bankers into losing their common sense”. Further, the court stated “there’re no grounds at all” to believe Mallya would face human rights risk in Mumbai’s Arthur Road jail.
After reading a summary of the 74-page judgement that detailed the various transactions between banks that extended loans and Mallya and his companies, chief magistrate Emma Arbuthnot told Mallya that “this may well be the start of a long process. I am sure your lawyer will advise you”.
Westminster Magistrates’ Court Chief Magistrate Emma Arbuthnot highlighted failings of IDBI: “(There) is no doubt as can be seen from the chronology set out above that there has been a catalogue of failures of the bank at different levels. The failings were before the loans were sanctioned and afterwards”.
“It is either a case that the various continuing failures were by design and with a motive (possibly financial) which is not clear from the evidence that has been put in front of me, or it is a case of a bank who were in the thrall of this glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy who charmed and cajoled these bankers into losing their common sense and persuading them to put their own rules and regulations to one side”.
The judge dismissed the four grounds on which Mallya had opposed the extradition: lack of a prima facie case, risk to human rights in Indian jails, abuse of process and extraneous considerations. The case was previously described by her as “a jigsaw puzzle”, while Mark Summers, lawyer representing India, accused him of “three chapters of dishonesty” in previous hearings: misrepresentations made to banks to secure loans, what was done with the loans secured, and what Mallya and his companies did when banks recalled the loans.