NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / India News / Soon, India will get details of Mallya's Swiss bank accounts
    Soon, India will get details of Mallya's Swiss bank accounts
    1/7
    India 3 min read

    Soon, India will get details of Mallya's Swiss bank accounts

    By Shalini Ojha
    Feb 01, 2019
    12:05 am
    Soon, India will get details of Mallya's Swiss bank accounts

    The Indian government may soon get details of money which embattled businessman Vijay Mallya kept in multiple Swiss bank accounts, reports HT. After the apex court of Switzerland approved India's request, officials in both countries have initiated the process. Notably, Mallya brought the topic of corruption charges shadowing CBI to make his case but the Swiss court rejected his appeals. Here's what happened.

    2/7

    Court accepted CBI's plea, allowed details to be shared

    The CBI sought details of his bank accounts and the Public Prosecutor of the Canton of Geneva agreed to the federal agency's request. Along with bank accounts of Mallya, the court also approved sharing details of five companies linked to him to provide wider legal assistance to India. Mallya challenged this decision in the apex court but to no avail.

    3/7

    Mallya spoke about Rakesh Asthana's corruption charges

    The Federal Supreme Court in Lausanne gave three judgment on November 26 and November 29, upholding the lower court's order. Mallya had told the top court that Rakesh Asthana, who was Special Director of CBI at the time and was investigating his case, was himself embroiled in corruption charges. He argued there were serious flaws in the "proceedings in India".

    4/7

    After hearing Mallya's arguments, court passed order

    Moreover, Mallya also invoked Article 6 of the European Convention on Human Rights (ECHR) which protects the rights of a free trial. However, the judges noted the plea of violation of ECHR protection wasn't applicable in this case. The court noted Mallya's extradition case was pending and added state of residence (the UK in this case) has to consider the regularity of criminal proceedings.

    5/7

    Here's what the court said

    "Switzerland is bound by respect for the ECHR and the UN Covenant II and liable to engage its own responsibility, there is no reason to doubt that this question will, if necessary, be examined in accordance with the requirements of treaty law," the court said.

    6/7

    A look at Mallya's bank accounts

    Reportedly, Mallya has four bank accounts in Swiss banks. In Swiss bank Edmond de Rothschild (Switzerland) SA, he has one account and in Compagnie Bancaire Helvétique (CBH) there are three accounts. In CBH, the accounts are in names of Drayton Resources, Black Forest Holdings, and Harrison Finance. According to a publication of Swiss court cases, "Mallya deliberately concealed his fortune to escape his creditors".

    7/7

    Last year, Mallya's extradition was ordered by UK court

    In a big win for India, Mallya's extradition was ordered by Westminster Magistrates' Court in London, on 10 December 2018. He will, however, challenge this decision. The United Breweries chairman can either go to the Court of Appeal or the UK's Supreme Court. Mallya, who has been living in the UK since 2016, is accused of bank fraud to the tune of Rs. 9,000 crore.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Supreme Court Of India
    Central Bureau Of Investigation (CBI)
    Switzerland
    Vijay Mallya
    Rakesh Asthana

    Supreme Court Of India

    Supreme Court to hear Sabarimala review petitions from February 6 Kerala
    Third SC judge exits case challenging acting CBI chief's appointment India
    How to get duplicate copy of your lost Aadhaar card India
    SC refuses to stay SC/ST Act amendments again India

    Central Bureau Of Investigation (CBI)

    ICICI Bank fraud: CBI investigator transferred; govt denies meddling ICICI Bank
    Chanda Kochhar case: Whistleblower says it's just "tip of iceberg" ICICI Bank
    PM Modi-led panel indecisive over selection of new CBI Director India
    Rose Valley scam: CBI interrogates noted film producer Shrikant Mohta Enforcement Directorate (ED)

    Switzerland

    Priyanka Chopra-Nick Jonas will go to Switzerland for honeymoon? Priyanka Chopra Jonas
    Man hangs for life as pilot 'forgets' to strap him Florida
    Samsung's TV to be controlled by your brain, not remote Samsung
    #MoneyInSwissBanks: India witnesses 50% rise in funds; jumps to 73rd-place South Korea

    Vijay Mallya

    Mallya becomes first person to be declared 'fugitive economic offender' Mumbai
    Calling one time defaulter 'chor' unfair, says Gadkari on Mallyaji Nitin Gadkari
    Modi not someone who indulges in vote-bank politics: Ramdev Madhya Pradesh
    Barrack 12: All about the jail which will house Mallya India

    Rakesh Asthana

    After Alok Verma's exit, Rakesh Asthana moved out of CBI Supreme Court Of India
    Rakesh Asthana will be probed in bribery-case, Delhi-HC rejects plea Delhi High Court
    #CBIvsCBI: Supreme Court reinstates Alok Verma as CBI Director Supreme Court Of India
    CBI director, special director fight didn't emerge overnight: SC Supreme Court Of India
    Next News Article

    Love India News?

    Subscribe to stay updated.

    India Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023