Didn't file clemency plea in Karnataka HC, ready to settle dues: Vijay Mallya
London, July 31 : Fugitive liquor baron Vijay Mallya, who is facing money laundering charges in multi-crore fraud case, on Tuesday said he has not applied for any clemency plea in India's Karnataka High Court and is ready to settle dues.
Mallya's assertion came after he came out of the Westminster court in London which he visited, along with his son Siddharth, to attend proceedings on his extradition trial.
"I have not applied for any clemency plea or a plea bargain in my unconditional offer to the Karnataka High Court. I am ready to settle my dues... There are no further requests at all," Mallya said interacting with the media outside the court.
The beleaguered businessman denied the money laundering charges against him, terming them "completely false".
"Allegations of money laundering and stealing money are completely false... At the end of the day, the courts will decide. The full amount is also to be determined.
"You can't have a situation where assets are attached based on complaints by the banks... And yet, the interest metre is rising everyday. It's an inequitable situation. So, let the judiciary decide what is right," Mallya said.
On the issue of extradition, he said: "As far as extradition case is concerned, I think you all have heard it. That is now for the next hearing on September 12. And I look forward to it."
He further said any litigation is exhausting, because the time spent on litigation can be used for more productive things. Asked why he suddenly decided to settled in London, Mallya said: "I have been trying to settle here since 2015."
The 62-year-old liquor baron, who fled the country on March 2, 2016, has been living in London ever since despite summons from Indian courts and law enforcement agencies to appear before them for trial in various related cases.
In a statement on June 26, Mallya had said that he had petitioned the Karnataka High Court to permit him and his holding firm United Breweries Holding Ltd (UBHL) to sell their assets under its supervision to repay creditors, including state-run banks.
"UBHL and myself have filed an application before the Karnataka High Court on June 22, setting out available assets of about Rs 13,900 crore," said Mallya from London in a statement released by his office in Karnataka.
Asserting that recovery of loans is a civil matter but it had been made a criminal matter in his case, Mallya had blamed the Central Bureau of Investigation and the Enforcement Directorate for criminalising it despite his intentions to settle the bank dues.
A consortium of 17 banks, led by the State Bank of India (SBI), gave Rs 5,500-crore loans to Mallya's now defunct Kingfisher Airlines for over a decade.
Claiming that the bulk of the dues were on account of interest, Mallya said owing to injunctions, attachments and refusal to grant permission to sell the assets, this had kept mounting.
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BMW hit-and-run case: HC refuses to release accused Mihir Shah on ground of 'illegal' arrest
Mumbai (PTI): The Bombay High Court on Monday refused to release Mihir Shah, the main accused in a BMW hit-and-run case, on the ground of "illegal" arrest.
Shah, the 24-year-old son of a former Shiv Sena leader, and his driver Rajrishi Bidawat had filed petitions in the HC claiming they have been illegally detained and sought immediate release.
Shah was arrested on July 9, two days after he allegedly rammed his BMW car into a two-wheeler in Mumbai's Worli area, killing 45-year-old woman Kaveri Nakhwa and leaving her husband Pradeep injured.
His driver Bidawat, who was also present in the car at the time of the accident, was arrested on the day of the incident.
As per their pleas, the police had not informed them the grounds of their arrest at the time, which they claimed was in violation of the law.
A division bench of Justices Bharati Dangre and Manjusha Deshpande on Monday dismissed the petitions.
"Both the petitions are dismissed," the court said.
The duo sought their release, claiming any further detention would be in utter violation of the constitutional mandate and a failure to comply with Section 50 of the Code of Criminal Procedure.
Under this section, the police, while arresting a person, have to communicate to him/her full particulars of the offence for which he/she is being arrested or other grounds for such arrest.
Both Shah and Bidawat are presently in judicial custody.
In their habeas corpus (produce the person) petitions filed in the HC in August, Shah and Bidawat claimed their detention was illegal and sought that they be released immediately.
Shah, in the plea, sought quashing of the orders passed by a local court remanding him first in police custody and then judicial custody.
He also sought for his arrest to be declared as illegal.
Shah is accused of speeding off towards the Bandra Worli Sea Link after the accident, even as the woman remained on the bonnet of the car and then got entangled in its wheels, for a distance of more than 1.5 kilometres.
As per police, Shah, who fled from the scene, was under the influence of alcohol at the time.
Mihir Shah's father and former Shiv Sena leader Rajesh Shah had also been arrested in the case, but was later granted bail.
