Vijay Mallya, the co-owner of Formula One team Force India, could face further charges and a second request to remove him from Britain to India, a London court heard on Tuesday.
The flamboyant alcohol and aviation tycoon, 61, was arrested by British police in April on behalf of the Indian authorities, who blame him for fraud.
Mr Mallya’s legal counselor, Ben Watson, told a hearing at London’s Westminster Magistrates’ court on Tuesday that India was accepted to be preparing a second extradition request with further separate charges.
“I don’t know its contents,” Watson said.
India is looking for Mr Mallya’s removal over unpaid loans tied to his defunct Kingfisher Airlines after the businessman fled to Britain in March a year ago.
Banks are looking to recover about $1.4 billion that the Indian authorities say Kingfisher owes.
Mr Mallya has repeatedly dismissed the charges against him.
“I deny all allegations that have been made,” he told journalists as he arrived at court. “I have enough proof to prove my case.”
The next hearing will be held on July 6 when Mr Mallya, who was granted an expansion to his bail, was told he need not go to. The full removal hearing was provisionally listed to begin on Dec. 4 and to last two weeks.
Aaron Watkins, the legal counselor representing the Indian government, told the court that prosecutors in Britain were all the while still waiting for documentation and proof from India and this was expected to land in the next month.
However, any delays or a second extradition request could push the case back to April next year, the court heard.
Britain’s extradition process can be complicated and take a long time to conclude. The judge will make a decision based on whether there is a prima facie case against Mr Mallya and if the alleged crimes would be offences in Britain and additionally India.
That ruling can be challenged in a higher court before being passed to the Home Secretary (interior minister) for approval. That decision can likewise be appealed to the courts.