New Delhi: Fugitive business tycoon Vijay Mallya whose extradition has been ordered by London’s Westminster Magistrates Court on Monday, said after the verdict that his legal team is reviewing the judgment and they will decide the way forward. When quizzed by reporters whether he regrets going to the UK, Mallya said he regretted being in a situation where he is reading legal papers and paying legal fees. He said he could have done something more productive with his time. The embattled businessman, who now has 14 days to appeal against the verdict, said that his legal team will evaluate the situation in detail and consider various options and then he will decide going forward. 'We will analyse all legal opinions. There is nothing to be shocked about',  he said.


On settlement, he said he has already filed settlement application before the Karnataka High Court for a hearing is due today. He said: “I have placed my assets on the table and asked the court to decide on the settlement and pay off employees.”

Reacting to the judgment of the UK court, Finance Minister Arun Jaitley said "It's a victory for ethics and probity. It's also a signal to all that nobody can cheat India, its people, economy and go hide somewhere in the world and India will never be able to get at him.”

Hitting out at Congress Jaitley told news agency ANI, “This judgement should also give a lot of room to Congress party and its President to seriously introspect. He should introspect for every falsehood that he has spoken on this topic. The campaign was why you (BJP) are not being able to get him back.”

“You're (Congress) culprits in giving the loans to Vijay Mallya. You created a situation in which people like these could prosper and we've succeeded now in getting him back. It's a proud moment for India", Jaitley said.

BJP president Amit Shah said the credit of the development "entirely" goes to Prime Minister Narendra Modi who ensured that agencies were unrelenting in their pursuit of the man who "bled" banks here.




Chhattisgarh Chief Minister Raman Singh said: "It's a great success and a lesson for those who misuse the nation's properties. This is a result of the strong determined steps taken by the Prime Minister and the Finance Minister."

Law Minister Ravi Shankar Prasad said: "It's a great day in pursuit of fight against corruption of those who siphon crores of bank money and run out of country. Decision  to extradite Mallya is based on evidence as well as a resurgent, effective and robust willpower of Modi govt to pursue these elements."

On Monday Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot ruled that Mallya can be extradited to India to stand trial on the charges brought by the CBI and ED. The Central Bureau of Investigation (CBI) welcomed the decision of the UK court. Reports say Mallya will appeal in the higher court against the decision. Mallya is wanted for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores.