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London HC: Mallya assets can be seized in Britain

The high court judge, who upheld a worldwide freeze order and ruled in favour of 13 Indian state-owned banks to recover funds amounting to nearly 1.145 billion pounds in a judgment, took note of the fact that the 62-year-old businessman is contesting his extradition to India relating to “alleged financial misconduct”.

The High Court remained unconvinced by Mallya’s claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain.

Vijay Mallya, who remains on bail since his arrest on an extradition warrant in April last year, will return for the last leg of his ongoing extradition trial at Westminster Magistrates’ Court in London on July 11, after which the court is expected to set a timeline for judgment in that case.

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