India has no grounds for extradition: former Kingfisher boss

Silverstone, England

VIJAY Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday that Indian authorities have no grounds to extradite him from Britain and he will not be leaving.

India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It said this month that it had asked Britain to extradite him.

Mallya, who has a base in London as well as a country home bought from the father of triple world champion Lewis Hamilton, moved to Britain last March after banks sued to recover some US…