Indian tycoon Mallya appears in UK court on new money-laundering accusationsLONDON (Reuters) - Indian businessman Vijay Mallya, who India wants to extradite from Britain on fraud charges, faces further accusations of money-laundering with some funds allegedly going to his Force India Formula One motor racing team, a London court heard on Tuesday. The flamboyant Indian liquor and aviation tycoon, 61, was first arrested by British police on behalf of the Indian authorities in April. He was rearrested on Tuesday after India laid new charges against him. India is seeking Mallya s extradition over loans to him tied to his defunct Kingfisher Airlines after the businessman, co-owner of the Force India team, moved to Britain in March last year. Banks want to recover about $1.4 billion that the Indian authorities say Kingfisher owes.  Launching new extradition proceedings at London s Westminster magistrates court, Mark Summers, the lawyer representing the Indian government, said the original allegations related to fraudulently obtaining and misusing funds. The new charges concerned the distribution of those funds, Summers said.  The government alleges for example some of the funds have ended up with the Force India Formula One team,  he said. Mallya, wearing a blue jacket and open-necked white shirt, denies any wrongdoing and said he did not consent to being extradited. He was released on police bail and declined to comment after the short hearing. The next hearing in his case will take place on Nov. 20 with a full eight-day extradition hearing due to start on Dec. 4. The judge will then make a decision based on whether there is a prima facie case against Mallya and whether the alleged crimes would be offences in Britain as well as India. That ruling can be challenged in a higher court before being passed to the Home Secretary (interior minister) for approval. The minister s decision can also be appealed to the courts. worldnews
indian tycoon mall appears uk court new accusationslondon reuters indian businessman vijay mall india wants extradited britain fraud charges faces accusations funds allegedly going force india formula one motor racing team london court heard tuesday the flamboyant indian liquor aviation tycoon first arrested british police behalf indian authorities april he arrested tuesday india laid new charges india seeking mall extradition loans tied defunct kingfisher airlines businessman force india team moved britain march last year banks want recover billion indian authorities say kingfisher owes launching new extradition proceedings london westminster magistrates court mark summers lawyer representing indian government said original allegations related fraudulent obtaining misusing funds the new charges concerned distribution funds summers said the government alleges example funds ended force india formula one team said mall wearing blue jacket white shirt denies wrongdoing said consent extradited he released police bail declined comment short hearing the next hearing case take place full extradition hearing due start the judge make decision based whether prima facie case mall whether alleged crimes would offences britain well india that ruling challenged higher court passed home secretary interior minister approval the minister decision also appealed courts worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Indian tycoon Mallya appears in UK court on new money-laundering accusationsLONDON (Reuters) - Indian businessman Vijay Mallya, who India wants to extradite from Britain on fraud charges, faces further accusations of money-laundering with some funds allegedly going to his Force India Formula One motor racing team, a London court heard on Tuesday. The flamboyant Indian liquor and aviation tycoon, 61, was first arrested by British police on behalf of the Indian authorities in April. He was rearrested on Tuesday after India laid new charges against him. India is seeking Mallya s extradition over loans to him tied to his defunct Kingfisher Airlines after the businessman, co-owner of the Force India team, moved to Britain in March last year. Banks want to recover about $1.4 billion that the Indian authorities say Kingfisher owes.  Launching new extradition proceedings at London s Westminster magistrates court, Mark Summers, the lawyer representing the Indian government, said the original allegations related to fraudulently obtaining and misusing funds. The new charges concerned the distribution of those funds, Summers said.  The government alleges for example some of the funds have ended up with the Force India Formula One team,  he said. Mallya, wearing a blue jacket and open-necked white shirt, denies any wrongdoing and said he did not consent to being extradited. He was released on police bail and declined to comment after the short hearing. The next hearing in his case will take place on Nov. 20 with a full eight-day extradition hearing due to start on Dec. 4. The judge will then make a decision based on whether there is a prima facie case against Mallya and whether the alleged crimes would be offences in Britain as well as India. That ruling can be challenged in a higher court before being passed to the Home Secretary (interior minister) for approval. The minister s decision can also be appealed to the courts. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: indian tycoon mall appears uk court new accusationslondon reuters indian businessman vijay mall india wants extradited britain fraud charges faces accusations funds allegedly going force india formula one motor racing team london court heard tuesday the flamboyant indian liquor aviation tycoon first arrested british police behalf indian authorities april he arrested tuesday india laid new charges india seeking mall extradition loans tied defunct kingfisher airlines businessman force india team moved britain march last year banks want recover billion indian authorities say kingfisher owes launching new extradition proceedings london westminster magistrates court mark summers lawyer representing indian government said original allegations related fraudulent obtaining misusing funds the new charges concerned distribution funds summers said the government alleges example funds ended force india formula one team said mall wearing blue jacket white shirt denies wrongdoing said consent extradited he released police bail declined comment short hearing the next hearing case take place full extradition hearing due start the judge make decision based whether prima facie case mall whether alleged crimes would offences britain well india that ruling challenged higher court passed home secretary interior minister approval the minister decision also appealed courts worldnews