Home Secretary Sajid Javid has signed the order for drinks tycoon Vijay Mallya to be extradited to India.

A Home Office spokesman said on Tuesday the Secretary of State had “carefully considered all relevant matters” relating to Mr Mallya’s case.

The spokesman added: “Vijay Mallya is accused in India of conspiracy to defraud, making false representations and money laundering offences.”

Vijay Mallya extradition proceedingsMr Mallya now has 14 days to appeal the decision (John Stillwell/PA)

Mr Mallya, former principal of the Force India Formula One team and chairman of the UB Group, is wanted over allegations of fraud relating to his now defunct company Kingfisher Airline.

He has continually denied the allegations and now has 14 days to appeal against the extradition order.

In a tweet sent following the decision Mr Mallya said he intends to “initiate the appeal process”.

In December, Senior District Judge Emma Arbuthnot described Mr Mallya as a “glamorous, flashy, famous, bejewelled, bodyguarded, ostensibly billionaire playboy” who had misrepresented how bank loans would be used.

She referred the case to the Home Secretary to decide whether Mr Mallya should be extradited to India to face the allegations against him.

Mr Mallya’s debts are said to total £977 million, according to India’s Enforcement Directorate which has been investigating the tycoon.

The Central Bank of India opened a criminal investigation into the 62-year-old businessman in 2015.

He was arrested in April last year by the Metropolitan Police’s extradition unit on behalf of the Indian authorities.