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No evidence to justify Vijay Mallya's extradition, UK court hears

Reuters  |  LONDON 

By Michael Holden

LONDON (Reuters) - The has failed to provide any substantial evidence to justify extraditing tycoon from Britain to face fraud charges, his told a on Wednesday.

wants to extradite 62-year-old Indian from Britain to face criminal action relating to loans taken out by his defunct and Indian authorities want to recover about $1.4 billion they say Kingfisher owes.

In her closing submission, Mallya's told that had failed to provide enough evidence to form a "prima facie" case against him necessary to warrant his extradition.

"It's undermined and set to nought by their own evidence," she said.

The says Kingfisher took out a series of loans from Indian banks, in particular the state-owned IDBI, with the aim of palming off huge losses which Mallya knew the failing was going to sustain.

(Reporting by Michael Holden; editing by Guy Faulconbridge)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 18:30 IST