September 2022

Why Do the British Love Fugitive Billionaires?

This article will focus on the United Kingdom. Why & how does Britain have a fondness for fugitive tycoons? The largest and friendliest haven for financial fraudsters. Britain appears to like fugitive millionaires of any color or nationality, irrespective of their criminality or dishonesty. If you have a great deal of money and want to go beyond your country’s legal system, Britain seems to be the destination to go. They will accept you with welcoming arms if you present them with enough bucks. The authorities would not only give you refuge but will also assure that your business enterprise never comes to an end. From African dictators to Arab emirs, Russian billionaires to Eastern-European crooks, all kinds of coupists have sought shelter in the so-called mighty country over the years (Mosamku, 2020).

From evacuating Pakistani rulers to tax cheats in India. The United Kingdom has become a sanctuary for various business magnates (Fugitive Billionaires) on the run. Most of you are probably aware of this person, who spent years working for an airline before opting to escape his country, named Vijay Mallya.

Mr. Mallya has always been having a good time. This colossal king of the past owed 17 Indian banking industry a total of 9,000 million rupees. As a result, he chose to relocate to Britain (Fugitive Billionaires). Later, after 3 years, he turns up for court proceedings puffing expensive cigars. 

Nirav Modi, an Indian-origin diamond merchant on the loose, is also suspected of a “13-billion-rupee” fraud.

He has since been spotted sporting a 10,000-pound blazer in London. When questioned, he pretended to be on his way to India after reclaiming the Kohinoor. However, I’ll offer you other figures because this list is extensive. In all, 5,500 Indians filed for asylum in the United Kingdom until 2013. India and the United Kingdom do have an extradition pact in place since 1992. Now, do you know how many evacuees have been deported to India due to this treaty? Just ONE – The gentleman named Sameer Bhai Vinu Bhai Patel (Mosamku, 2020). There’s only been one extradition to India. It was in 2016, and no additional deportation attempts have been made since then.

Why Hasn’t India been able to Take Back these Perpetrators? (Fugitive Billionaires)

There’s been much finger-pointing and political posturing, although have you really pondered why India can still not take back its fugitive tycoons? Because of the ingeniously crafted UK Legislation. But no, I’m not planning a legal workshop; these are simply some notions.

The Judicial System in the United Kingdom ((Fugitive Billionaires))

The judiciary system in Britain is the most significant impediment to repatriation. The nation ratifies the European Conventions of Human Rights. If a Britain judge determines that the deportation is for political grounds, the extradition will proceed. Alternatively, if the transferred individual is likely to be subjected to violence or capital punishment, they would refuse the extradition process. Some might call it a reward for Indian offenders.

Money Speaks Louder (Fugitive Billionaires)

Such rogue capitalists could be in severe debt to their throats. However, they are still multimillionaires and have a great deal of money. The British authorities would do everything possible to avoid repatriation. As a result, the plundered funds are held in UK banks or offshore bank accounts. I do have figures for you once more. As per a study by Deutsche Bank, Britain collected $129 billion in cash from runaway asylum seekers from 2006 to 2015. 

This money goes directly to British marine paradises like Gibraltar, the British Virgin Islands, Cayman, Guernsey, and Jersey. According to corruption surveillance, the UK financial planning business controls $800 billion in worldwide money, with a hidden embezzlement hazard of $800 billion.

The FCA [Financial Conduct Authority] is the financial industry regulator in the United Kingdom. As per the “Corruption Watch,” no judicial actions for financial fraud have been undertaken by this entity since 2007 (Mosamku, 2020). 

As a result, for the past 13 years, this organization has held firm despite international opposition and offered complete security to fugitive investors and companies from any court inquiry. So, if you’re accused of Financial Misconduct, Holiday Forex, or Stock HEDGING, the Britain financial sector and its arcane regulations will back you up.

THE MOST EXPERIENCED LEGAL MINDS (Fugitive Billionaires)

Fourth, Britain boasts some of the most influential legal minds in the world. Leading British politicians are contending for the millionaires who are departing the country. These are folks who also are incredibly knowledgeable about Indian law. Vijay Mallya’s matter is being handled by BOUTIQUE LAW, a global law company. Anand Doobay, one of Britain’s top legal minds, is a co-managing partner at this firm.

This individual was assigned to a group to evaluate the UK’s extradite arrangements by outgoing Prime Minister Theresa MAY while she was the nation’s Home Secretary. After consulting the country’s home secretary, her firm is now contesting the Vijay Mallya trial. 

Neerav Modi likewise solicited the same firm’s expertise. Whatever I imply is this: the British are brilliant people who haven’t governed half of the world by accident. They turned their small island into the most lucrative location for monetary scam artists. They initially provide sanctuary, then create possibilities for laundering money, cut off the robbed riches, and eventually force countries to seek repatriation in their tribunals. 

But India’s ties with the UK are so commercial that it just doesn’t challenge the UK’s underlying reasons for postponing extraditions. Instead, from the perspective of British lawmakers, India demands certifications from Kashmir. The Supreme Court of India has directed Vijay Malia to show up in court soon. The judges have urged the Ministry of Home to make it easier and more secure for Mallya to appear on this occasion. This is an instance of disobedience to the court.

Why are fleeing Indian criminals seeking asylum in the United Kingdom?

Because the judicial systems in India and the United Kingdom are almost comparable, fugitive Indian offenders are sheltered in the United Kingdom. In 1992, India and the United Kingdom concluded an extradition deal. The year before, India handed over 57 runaways to the United Kingdom, while the United Kingdom handed over 17 of the same to India. According to figures, 5,500 Indians reportedly sought asylum in the United Kingdom since 2013. 

Two offenders have already been handed up to the United Kingdom by India. However, not all of those are offenders. India and the United Kingdom signed an exchange pact in 1992, and the United Kingdom only repatriated one offender, Indian Samirbhai Vinubhai Patel, in 2016 (Singh, 2019). Since then, the United Kingdom has not returned any runaways to India. The issue now is what type of assistance the British government provides to Indian offenders.

What are the Geneva Convention’s concepts and regulations?

Let’s take a closer look at this phenomenon. (Fugitive Billionaires)

1. The fact that Britain governed India for approximately 200 years is well known. Well after the British left, India still maintained numerous British-era customs and laws. Numerous competent attorneys in India and the United Kingdom are very well accomplished in both British and Indian legislation, which gives Indian offenders an edge. Since the judicial systems of India and the United Kingdom are nearly comparable, India’s offenders have sought refuge in the United Kingdom.

2. The British Commission on Human Rights is highly rigorous and defends the rights of all individuals who live in the United Kingdom. Criminals are abusing this privilege. If a British judge considers that repatriation may result in a person being sentenced to death inside India, mistreatment, or repatriation for political purposes, the extradition will be denied. 

Nirav Modi’s attorney told a London hearing that their client’s repatriation is politically driven because Indian politicians exploit his image at gatherings, angering Indian citizens and putting his client’s security at risk in India (Singh, 2019). 

3. Many Indians reside in London, making it a friendly atmosphere for fleeing offenders. South Asian cuisine is widely found here. Many parts of London have indeed been dubbed “Mini India.” Numerous Bollywood businesses and celebrities own homes in London & frequently visit. Vijay Mallya, as everyone realizes, also lived in a big villa in London. It is not factual that London is solely home to fleeing Indian offenders. 

In addition, several Pakistani offenders seek shelter in London. Former Pakistani PM Nawaz Sharif (Now Declared absconder by the court), his children, Benazir Bhutto’s clan, Bilawal Bhutto, and his siblings have all resided there for a long time. It is now essential for the Indian & Pakistani governments to reauthorize the extradition agreement with the United Kingdom to expedite offenders’ expulsion.

Why Do They Find it so Easy?

The following will help explain:

Human Rights Legislation that is Rigorous (Fugitive Billionaires)

The Modis (Nirav & Lalit) and the Mallya’s of India were not the only ones who sought protection in the Queen’s realm. Since 2013, upwards of 5,500 Indians have applied for asylum in the United Kingdom; however, not all are offenders. They would be subjected to torture or the death sentence, or if extradition is being sought for political purposes. The United Kingdom is a party to the “European Convention on Human Rights”; UK courts can refuse extradition requests if they believe the individual to be deported.

Extradition is Being Delayed (Fugitive Billionaires)

In the United Kingdom, extradition processes are sluggish. Rajesh Kapoor (2011) for counterfeiting and forgery, Tiger Hanif (2004) for engagement in terrorist activity, Atul Singh (2012) for sexual crimes, Raj Kumar Patel (2009) for falsification, Jatinder Kumar Angurala as well as Asha Rani Angurala (2014) for financial crimes, Sanjeev Kumar Chawla (2004) for cricket gambles, and Shaik Sadiq (2004) for corruption: India has submitted nine deportation orders, including that of Vijay Mallya In courts, these cases are still ongoing (ET ONLINE, 2018).

Extradition Requests Were Turned Down

Since the two nations approved an extradition agreement in 1992, the UK has only deported back one Indian, Samirbhai Vinubhai Patel, in 2016. In contrast, India has deported several British fugitives, including Maninder Pal Singh Kohli in 2007 for killing, Somaia Ketan Surendra in 2009 for dishonesty, and Kulwinder Singh Uppal in 2013 for abduction. Why hasn’t India been able to take back these perpetrators? 

For various reasons, the UK has denied many extradition petitions made by India for Fugitive Billionaires. Ravi Shankaran, Raymond Varley, Ajay Prasad Khaitan, Velu Boopalan, Virendra Kumar Rastogi, as well as Anand Kumar Jain are some of the names on the list (ET ONLINE, 2018).

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