Vijay Mallya issue on table, British PM Theresa May drops by Arun Jaitley meeting

In February, the Government officially requested the UK to extradite him to India to stand trial for alleged loan default and money laundering.

Vijay Mallya issue on table, British PM Theresa May drops by Arun Jaitley meeting

In a major step against Kingfisher chief, Finance Minister Arun Jaitley discussed with his UK counterpart about the issue of “certain individuals who have overstayed” here figured. British Prime Minister Theresa May also dropped in the meeting.

Press Trust of India reported quoting official sources that Brexit and its implications on India-UK ties and the issue of “certain individuals who have overstayed their welcome” in Britain, in an apparent reference to liquor baron Vijay Mallya, were among the topics that were touched upon during the “drop-in”.



Jaitley met Chancellor of the Exchequer Philip Hammond at his office in No 11 Downing Street in London.

“It sends a signal, like her visit to India did last November when she chose the country as her first outside Europe. The message on Brexit was that it is not a mandate for protectionism and that the UK looks forward to being an open trading nation outside the European Union (EU),” sources further told PTI.

During his talks with Hammond, Jaitley discussed a range of issues around the forthcoming India-UK Economic and Financial Dialogue and the India-UK sub-fund under the National Infrastructure Fund.

Vijay Mallya, former liquor baron, had moved to UK last year in March after banks began legal action to recover around $1.4 billion owed by the airline.

In February, the Government officially requested the UK to extradite him to India to stand trial for alleged loan default and money laundering.

Yesterday at a media briefing, Jaitley had said: “We take this issue of defaults against the financial system in India very seriously and we have already sent a strong signal that if (you) dupe the exchequer or dupe the banking system, the government of India will lend its full support to all financial institutions to recover up to their last pie…because of this strong position…some defaulters are on the run. Being on the run, they find refuge in certain other jurisdictions, exploiting the systems in other parts of the world.”

Story by