Vijay Mallya gets bail, says media can keep dreaming about billion pounds

Delhi: Vijay Mallya, the embattled tycoon who is wanted in India on loan defaults to several banks, was granted bail by a UK court until December 4 on Tuesday. The court has set the next hearing on July 6, 2018.

The 61-year-old former chief of erstwhile Kingfisher airlines appeared before Westminster Magistrates' Court here today for his extradition case hearing. Chief Magistrate Emma Louise Arbuthnot granted bail to Mallya. 

Earlier today, the hearing on the issue of embattled Indian tycoon Vijay Mallya's extradition from the UK was scheduled at Westminster Magistrates' Court.

The beleaguered liquor baron while talking to the reporters, before entering the court premises, denied the allegations that he eluded the court. He also claimed that he holds enough evidence to prove his innocence and media can keep dreaming about billion pounds.

Also Read: Vijay Mallya's extradition hearing to begin shortly in UK court; absconder liquor baron says he is not guilty

Britain's Crown Prosecution Service (CPS) agued on behalf of the Indian authorities when the fugitive businessman's extradition case comes up for hearing at Westminster Magistrates' Court today.

The hearing was earlier scheduled for May 17.

"I have not alluded any court...I have enough evidence to prove my case," Mallya told reporters outside the court.

Also Read: Necessary steps taken to bring back Vijay Mallya: V K Singh

Chief Magistrate Emma Louise Arbuthnot presided over what is referred to as a "case management hearing".

Mallya's defence team was led by the firm Joseph Hague Aaronson LLP. They have instructed barrister Clare Montgomery, a specialist in criminal, regulatory and fraud law,to argue in court on their behalf.

The CPS have instructed Mark Summers to act as barrister for the CPS Extradition Unit and the Government of India.

Summers is a leading expert in extradition and international law matters.

"There might be a few more hearings in this case in the coming months to deal with case management or any issues that arise, before the final hearing takes place, at which the full arguments from both sides in this case will be heard by the Judge, explained Jasvinder Nakhwal, partner at Peters and Peters Solicitors LLP and member of the UK's Extradition Lawyers Association.

Also Read: Vijay Mallya could face further charges, UK court told

The CPS had met a joint team of Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) officials in London last month to thrash out details of the case.

"Our aim is to build a strong, infallible case and these meetings will help resolve issues across the table. The CPS will be arguing based on documents provided by CBI and ED, therefore a joint team is here to address queries they may have," official sources had said after the meeting held in early May.

With PTI Inputs