News WrapGet Handpicked Stories from our editors directly to your mailbox

IDBI bank officials were aware of Kingfisher's losses: Vijay Mallya's lawyer in UK court

The 62-year-old former liquor baron arrived at Westminster Magistrates' Court to hear closing submissions in the case. Photograph:( Reuters )

WION Web Team New Delhi, Delhi, India Sep 12, 2018, 04.12 PM (IST)

In a court hearing in the Westminister Magistrate Court, the UK today, the lawyer of the defunct Kingfisher airline's boss Vijay Mallya claimed that the government's accusation that Mallya hid losses was "baseless".

Citing email from IDBI officials, the lawyer said that the IDBI bank officials were well aware of the losses at Kingfisher.

The lawyer further said, "There is no evidence that Mallya or Kingfisher applied for bank loans with bad intent....CBI's Rakesh Asthana threatened banks with 'consequences' if they did not file cases against Mallya".

The prosecution lawyer told the Westminster Magistrates' Court in London, 'What Vijay Mallya's Kingfisher internally knew was totally different from what it was telling the banks.  Kingfisher Airlines misrepresented facts about performance when applying for loans'.

Responding to a question on whether he had the means to pay back his debts, Mallya's lawyer said, "Obviously, that is why a settlement offer has been made. The hearing is on 18th September".

He also said, "I met the finance minister to settle matters before I left. The banks had filed objections to my settlement letters".


The London court which will review the video of the Mumbai jail cell today. A 'step-by-step video' of Barrack 12 of Mumbai's Arthur Road Jail was sent by the Central Bureau of Investigation (CBI) to UK officials.

Barrack 12 is the cell where former liquor baron Vijay Mallya may be kept if he is extradited to India.

The video was sent after UK's Westminster Magistrate's Court's demand following Mallya's complaint about the "inhabitable conditions" in Indian jails. 

The six to eight-minute-long video showed the jail to have a personal toilet, library, washing area and a TV set along with a courtyard. 

The UK court asked the Indian government for a video of the prison cell for "the avoidance of doubt" over the availability of natural light in the cell where the businessman was expected to be detained pre-trial, during trial and in the event he was convicted by the Indian courts.

Vijay Mallya's defense lawyers had challenged the extradition on grounds that he is unlikely to get a fair trial in India and that the conditions in Indian jails were not habitable. 


The final verdict on the case is expected on December 10.