Mallya’s offer to return a portion of the loan was rejected by the banks.
London: In a hearing on extradition hearing in Britain, Vijay Mallya’s defense party on Thursday claimed that the group of banks led by State Bank of India (SBI) rejected the offer of this liquor trader, Talked about refunding the percent amount. The Crown Prosecution Service (CPS), presenting the argument on behalf of the Government of India, indicated that the reason for the denial of such a proposal was that the banks knew that the resource for Mallya to pay the full dues Are there.
Mallya’s lawyer Claire Montgomery questioned whether the offer to return Rs 44,000 on April 6, 2017 was to be rejected by the banks only after one day’s offer.
This hearing is going on in UK’s Westminster Magistrate Court. The decision of this hearing will decide if Mallya should be sent back to India or not, where he is desirous of Rs 9,000 crore of money laundering and fraud with banks. In the defense of Mallya, banking expert was presented as a witness. Banking expert Paul Rex insisted in his plea that there was no intention of actually making ‘Malaya’ fraudulent. Banking expert Paul Rex, who was told that he has more than 20 years of experience in the banking field. He worked as an independent expert in the banking sector. He was presented in the court on Thursday on the third day of the hearing.
Mallya’s lawyer Claire Montgomery, presenting his arguments on Thursday, said that the Crown Procedure Service (CPS) appearing for the Indian government has failed to establish a case of fraud for the first time on the case filed on its client.
Meanwhile, according to Rex’s plea, there was no intention of Mallya’s fraud. While the CPS argued that Mallya had no intention of repaying the loan he had taken as the closure of his aviation company had become inevitable. Claire tried to establish that the situation was responsible for the closure of Kingfisher, as there was a period of global economic downturn between 2009 and 2010, and the closure of the company was the result of being out of control of the company.