Photo: AFPLondon: Vijay Mallya’s defence on Thursday brought in a banking expert at his extradition trial as a witness to analyse the documents used by the UB Group chairman to seek loans from Indian banks for his Kingfisher Airlines and emphasise that he had no intention to act “fraudulently”. “Instead of acting as an honest person and doing what he could to meet his obligations, he sets about erecting lines of defence,” CPS counsel Mark Summers told the judge. His extradition trial is scheduled to end on 14 December, with Friday marked as non-sitting day. A time frame for a judgement in the case will be determined at the end of the trial after closing arguments have been made. If the judge rules in favour of extradition at the end of the trial, the UK home secretary must order Mallya’s extradition within two months.

Source: Mint December 07, 2017 14:16 UTC