|
|
London, (IANS) Liquor baron Vijay Mallya, wanted in India for defaulting on over Rs 8,000 crore in bank loans, was arrested here on Tuesday. Within hours, a court granted him bail.
Metropolitan Police said Mallya, 61, was taken into custody after attending a central London police station.
The Westminster Magistrates' Court later gave him bail on a 650,000 pound bond. The next hearing of the case will be on May 17.
A Metropolitan Police statement said officers from the Extradition Unit arrested Mallya on an extradition warrant from India.
"Mallya was arrested on behalf of the Indian authorities in relation to accusations of fraud," the statement said.
After getting bail, Mallya tweeted: "Usual Indian media hype. Extradition hearing in court started today as expected."
Mallya fled to Britain in March 2016 after being pursued in courts by Indian banks seeking to recover Rs 8,191 crore owed by his now defunct Kingfisher Airline.
The banks had been able to recover only Rs 155 crore. Despite multiple injunctions, Mallya failed to appear before investigators -- and then flew out of India.
In February, the Indian government handed over to the UK authorities a formal request for Mallya's extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.
Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.
