Mallya denies allegations of money laundering

Liquor baron Vijay Mallya on Tuesday denied money laundering allegations against him on arrival at London's Westminster court for the final hearing in his extradition case.

"The allegations of stealing money or money laundering are all completely false. I am in the hands of the court and I hope it will all end," the 62-year-old told reporters.

Mallya is on bail in an extradition case against him on charges of fraud and money laundering amounting to around Rs 9,000 crore.

While Mallya hoped that the case would get over soon, the Bangalore police through the Enforcement Directorate (ED) on July 5 submitted a report before Delhi's Patiala House Court stating that they have identified 159 properties of Mallya and United Breweries. The Bangalore police had also sought more time to identify other additional properties.

Earlier on June 30, Mallya was summoned by a designated court under Fugitive Economic Offenders to appear before it on August 27. The notice was issued to Mallya and others in connection with ED's June 22 application to declare him as a fugitive economic offender and to confiscate his properties.