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Indian tycoon Vijay Mallya, who is exiled in the UK, says laundering allegations against him are 'fabricated' Scott Heavey/Getty Images

Indian tycoon Vijay Mallya has insisted that money laundering allegations against him are "baseless and fabricated."

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He spoke Monday (20 November) while leaving a London courthouse after the latest stage of his fight to avoid extradition to his homeland.

The ex-chairman of United Spirits has repeatedly expressed his innocence, and did so again Monday.

As reporters crowded around him he said: "Come to court and you'll hear it all."

Known for his flashy lifestyle and lavish parties attended by Bollywood stars, he once held investments in a liquor company, an airline, a Formula One team and an Indian Premier League cricket club.

When asked why he didn't return home to fight the charges, the 61-year-old Mallya said "that's none of your business."

The extradition hearing is due to start on 4 December. He was arrested in London in April, at the request of the Indian Prime Minister Narendra Modi's government.