Vijay Mallya is scheduled to return to Westminster Magistrates’ Court in London on Monday when his extradition trial is listed for a judgement hand-down. The 62-year-old former Kingfisher Airlines boss, is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore. He has been on bail since his arrest on an extradition warrant in April last year. He has contested his extradition on the grounds that the case against him is “politically motivated” and the loans he has been accused of defrauding on were sought to keep his now-defunct airline afloat.

Tokyo prosecutors are expected to indict former Nissan Motor Chairman Carlos Ghosn on Monday for financial misconduct. Prosecutors also plan to indict former representative director Greg Kelly as well as the automaker itself on the same day. Ghosn and Kelly were arrested on November 19, a development that shook the foundations of the Renault-Nissan alliance and stunned the auto industry. Ghosn remains Chairman and Chief Executive of Renault SA.

The government has called an all-party meeting on Monday ahead of the winter session of Parliament, to build a consensus for smooth functioning of the two Houses. At the customary session-eve meeting, the Prime Minister usually lists the government’s agenda and seeks the Opposition’s support for smooth transaction of official business. This would be the last full-fledged Parliament session before the Lok Sabha polls. The results of the assembly elections, in which both the ruling BJP and the Congress have high stakes, are bound to cast a shadow on parliamentary proceedings. The results of polls in Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram would be out on December 11, when the session begins.

President Ram Nath Kovind is to visit Myanmar from December 10 to 14, during which he will hold talks with his counterpart U Win Myint and state counsellor Daw Aung San Suu Kyi. The President and First Lady Savita will reach Nay Pyi Taw on December 10. Kovind will have his first engagement on December 11, during which he will hold talks with U Win Myint and Daw Aung San Suu Kyi.

HMD Global is to launch the Nokia 8.1 in India on Monday. The Nokia 8.1 is the successor of the Nokia 7 Plus, which is one of the most popular smartphones produced by the company. Nokia 8.1 is expected to launch in the Rs 20,000-26,000 price bracket. It is powered by the Qualcomm Snapdragon 710, the first smartphone with Snapdragon 710 to be launched in India.

 

 

comment COMMENT NOW