Skip to content
Search

Latest Stories

British court fixes July 2 for oral hearing of Vijay Mallya’s plea

The London High Court will hear fugitive Indian business tycoon, Vijay Mallya's oral plea on July 2, the Crown Prosecution Service (CPS) said yesterday (1).

The hearing has been scheduled after Mallya filed a petition to appeal against his extradition order to India.


On February 4, British home secretary Sajid Javid signed an order to extradite former boss of the grounded Kingfisher Airlines to India to face legal proceedings inconnection with alleged financial irregularities.

Mallya opted to seek an oral hearing after his written application for permission to appeal against his extradition order was rejected on April 5.

A spokesperson for the CPS said: “The oral hearing on whether or not Vijay Mallya should be granted permission to appeal against extradition will be on July 2 at the High Court”.

“It is listed for one day. The judges will probably reserve their decision, but if the argument ends early enough they could give their decision the same day,” added CPS, which acts on behalf of the Indian government in the UK courts.

The 63-year-old Mallya is fighting against his extradition order from the UK to India to face charges of fraud and money laundering amounting to an estimated £1 billion.

Mallya is also facing a flurry of other legal cases in the UK courts related to a worldwide freezing order and a threat of foreclosure of one of his residences in London.

The embattled business tycoon is on bail on an extradition warrant executed by Scotland Yard in April 2017.

More For You

Donald Trump

Speaking from the Oval Office, Trump said, 'What we’re going to be doing is a 25 per cent tariff on all cars that are not made in the US.'

Getty Images

Trump imposes 25 per cent tariffs on foreign-built cars

US president Donald Trump has announced a 25 per cent tariff on imported cars and auto parts, escalating trade tensions with key partners.

The new duties take effect on 3 April and apply to foreign-made cars and light trucks, with additional levies on key auto parts set to follow within the month.

Keep ReadingShow less
Starmer-Trump-Getty

The UK is negotiating a tech-focused trade deal with the US, which could help avoid direct tariff impacts.

Getty Images

UK economy faces pressure from Trump’s tariff threats

THE UK’s economy faces a major risk from US president Donald Trump’s proposed tariffs, the country’s fiscal watchdog warned on Wednesday, citing slow growth and a high debt burden as key vulnerabilities.

Chancellor Rachel Reeves announced cuts to the welfare budget and other spending reductions to meet a key fiscal target aimed at reassuring investors after the 2022 market turmoil under former prime minister Liz Truss.

Keep ReadingShow less
FCA's new five-year plan focuses on economic growth
Nikhil Rathi

FCA's new five-year plan focuses on economic growth

COUNTRY's financial watchdog has launched a new five-year strategy aimed at transforming financial regulation in the UK, focusing on supporting economic growth and improving consumer experiences.

The Financial Conduct Authority (FCA) on Tuesday (25) outlined four key priorities: becoming a smarter regulator, supporting economic growth, helping consumers make financial decisions, and combating financial crime.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)

US trade officials in India for talks as tariff deadline nears

US OFFICIALS arrived in India on Tuesday for trade discussions ahead of the implementation of tariffs announced by president Donald Trump.

The meetings come as the US moves forward with reciprocal tariff measures affecting multiple countries, including India.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)

India open to tariff cuts on £17.7 bn worth of US imports: Report

INDIA is considering cutting tariffs on more than half of US imports valued at £17.7 billion as part of ongoing trade negotiations, two government sources told Reuters.

The move, which would be the most significant tariff reduction in years, is aimed at countering reciprocal tariffs.

Keep ReadingShow less