Live: These allegations are false, fabricated, baseless says Vijay Mallya
A joint team of the CBI and ED is in London for the extradition hearing on Monday in a London court of Vijay Mallya, who is wanted in India over non-payment of bank loans and a case of fraud and money laundering. Here are live updates on the case: 5.25pm: Prosecution lawyer Mark Summers presents details of bank loans sought by Vijay Mallya from SBI, IDBI totalling Rs 2,000 crore. 4pm: Fire drill at Westminster magistrates court ends. Court to assemble soon. 3.40pm: Westminster magistrates court evacuated. Mallya, others wait outside. 3.25pm: I have said repeatedly that these (allegations of fraud) are false, fabricated and baseless charges and that is my stand: Mallya 3.17pm: Mallya tells television channels outside the court: “I have been living in England since 1992.” 3pm: Vijay Mallya arrives in court. 2.50pm: According to a CBI official, the agency has submitted a 2,000-page dossier on Mallya, detailing how he cheated Indian public sector banks and diverted the loans taken for Kingfisher Airlines over the years. 2.24pm: Mallya’s lawyer Clare Montgomery arrives at the court with documents. The trial will begin soon. -PTC News
