Vijay Mallya arrested in London, appears in court, granted bail

Vijay Mallya arrested in London, appears in court, granted bail

Vijay Mallya arrested in London, appears in court, granted bail

He was earlier arrested in April this year but even at time he was immediately released on bail. A fresh nonbailable warrant was issued against Mallya in India after ED's chargesheet in the case.

Local police have arrested him in connection with the money laundering case for which he is wanted in India.

Mallya is wanted in India for his Kingfisher Airlines defaulting on loans worth almost Rs 9,000 crore.

Chief Magistrate Emma Louise Arbuthnot has been hearing Mallya's extradition case at Westminster Magistrates' Court on his previous arrest warrant executed by Scotland Yard in April.

India has also asked the United Kingdom that he be extradited to India.

British police re-arrested Indian tycoon Vijay Mallya on Tuesday amid an ongoing extradition request from India, where he is accused of fraud.

Srinagar: BSF camp attack, two terrorists killed, 1 jawan martyred
Residents in the neighborhood said they heard dozens of blasts early Tuesday and intermittent gunfire was still ongoing. Shortly after their entry, there was heavy barrage of fire and explosions between militants and the security personnel.

Vijay Mallya was arrested in London on Tuesday, appeared in court, and was granted bail.

The Crown Prosecution Service, which acts on behalf of the Indian government, described the day's development thus: "The government of India laid further supplemental money laundering charges in India".

Vijay Mallya, known for his lavish lifestyle, has repeatedly defied summons by courts and investigators in India but has been a regular at public events in Britain, especially for the Formula One team that he owns. However, allegations of Mallya having diverted funds to tax havens overseas are not new.

The trial in the extradition case against Mallya is scheduled to begin for two weeks from December 4. In 2008, he acquired Deccan Aviation Ltd, driven by the urge to fly global routes (Indian rules at the time allowed only airlines that had been in existence for five years to fly worldwide routes and Mallya was in a hurry).

The money was then diverted to shell companies in seven countries, including the US, UK, France and Ireland, the report stated, citing the sources.

Related news