Liquor baron Vijay Mallya on Wednesday said that Indian authorities had no grounds to extradite him from Britain and he will not be coming back to India.

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Mallya, who co-owns the Force India Formula One team, said that he has become a "political football" between the two major political parties of India, Reuters reported. 

Quoting Mallya, who was speaking to Reuters during the launch of his team's 2017 car, said, "The government-owned banks are trying to hold me personally responsible for the failure of India's largest airline and to repay their debts."