India seeks tycoon's extradition, says UK nixes deportation
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India says it will ask Britain to extradite business tycoon Vijay Mallya to face charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline.
Finance Minister Arun Jaitley says the UK will not simply deport Mallya because he entered the country on a valid passport in March, though India revoked it a month later.
Jaitley told Indian lawmakers on Wednesday that India will begin extradition proceedings once official charges are filed against the businessman.
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India's Enforcement Directorate is still gathering evidence as part of its investigation into the tycoon's debts totaling 94 billion rupees ($1.4 billion).