Will make all endeavours to bring Mallya back: Jaitley

Jaitley said that the government will now have to initiate the extradition process to bring back the embattled tycoon as Britain recently declined New Delhi's request to deport the businessman

Union Finance Minister Arun Jaitley on Monday said that the investigating agencies will make all endeavours to bring back liquor baron Vijay Mallya to face money laundering charges and to recover Rs 9,400 crore extended as loan to his now defunct Kingfisher Airlines by banks on which he has defaulted.

Jaitley, while addressing a press conference, said that the government will now have to initiate the extradition process to bring back the embattled tycoon as Britain recently declined New Delhi's request to deport the businessman.

"There are two separate procedures one is deportation, another is extradition. The United Kingdom has conventionally never been helpful. They always take a plea that once somebody has entered with legitimate travel documents they don't then deport the person," Jaitley said.

"The United Kingdom expects you to go through the extradition process which is as per their law where the requirement is that once you file the chargesheet in the court you start the extradition proceedings with the due process of law. I think the agencies will make every endeavour under the options available today," he added.

Jaitley, while addressing, Parliament yesterday said that India will now have to initiate extradition process after a charge sheet is filed to bring Mallya.

Cancellation of passport "does not result in automatic deportation, that is the stand taken by UK," Jaitley had said.

Mallya had left India on March 2 using his diplomatic passport.