Former Formula 1 team owner Vijay Mallya has lost his appeal in a High Court in the UK against his extradition to India.
Mallya, the former owner of the Force India, now Racing Point, has been battling extradition to his home country for several years.
The 64-year-old is wanted in India due to alleged financial misconduct and fraud charges related to his Kingfisher Airlines company.
The company collapsed back in 2012 with debts of almost £1 billion.
Mallya has maintained his innocence throughout the process and even offered to repay the loans.
Indian authorities rejected his offer, demanding he face justice.
Arrested in 2017 by British authorities at the request of India, the businessman lost his appeal against extradition earlier this week.
“We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India,” the judges ruled.
He has 14 days to apply for permission to appeal to the Supreme Court ruling.