The accounts of Mallya and its affiliated companies will be blocked, India will get information.
The government of Switzerland is ready to hand over details of accounts of Vijay Mallya, who ran away from the country by taking loans from government banks. Mallya tried to hinder the issue of allegations of corruption allegations against Rakesh Asthana, the number two in the CBI in front of the Swiss Supreme Court, but failed.
The CBI had appealed to the Swiss authorities to block the funds available in Mallya’s 4 bank accounts. Geneva’s government prosecutor not only agreed on that request on August 14, 2018, but instead of sharing details of three other accounts and the five companies related to it.
Contrary to the decision to share details, Mallya’s Swiss legal team reached the Supreme Court of Switzerland and argued that there is a serious drawback in the process in India, because CBI Special Director Rakesh Asthana, who is investigating against Mallya, is accused of corruption. Mallya also supported the European Convention on Article 6 of Human Rights.
The Federal Supreme Court of Switzerland said in the verdict that Mallya is not authorized to remove the flaw in the foreign process. He is living in a third country and extradition of India is pending. The country concerned will decide on the question of the criminal process, where it is living.
According to the Swiss court, one of the four blocking accounts is Vijay Mallya and three other Drayton Resources, Black Forest Holdings, and Harrison Finance.
It is worth noting that the liquor businessman, Vijay Mallya, got a debt default of 9 thousand crore from the government banks. He is leaving the country and living in Britain.
