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Mallya's extradition case verdict on Dec 10

ANI  |  London [United Kingdom] 

London's will pronounce the verdict in the extradition case of liquor baron on December 10.

wants to extradite Mallya, an alleged financial offender, from the to face charges of money laundering and bank fraud, amounting to Rs. 9,000 crore.

Earlier today, said that he is making an effort to repay loans but banks are not supporting him. "The banks have filed objections in the court on my You should ask them that why they are not supporting me in my efforts to repay them. I obviously don't agree with what the prosecution is alleging. Let the Court decide. I am ready for settlement," told reporters outside where his extradition case is being heard.

Earlier, Mallya's accused the (CBI) of threatening the banks to file cases against his client. The told the Court, "CBI's threatened banks with 'consequences' if they did not file cases against Mallya." He also claimed that there is no evidence that Mallya or his company Kingfisher has applied for with any bad intention.

"There is no evidence that Mallya or Kingfisher applied for with bad intent," added.

Meanwhile, told the court that the misrepresented the facts about the performance of the company while applying for loans. "What Vijay Mallya's Kingfisher internally knew was totally different from what it was telling the banks. misrepresented facts about performance when applying for loans," the said.

Mallya has been living in the UK since March 2016.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 20:38 IST
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