Vijay Mallya Arrested In London

  • Vijay Mallya Arrested In London

Vijay Mallya Arrested In London

Responding to a query, External Affairs Ministry spokesperson Gopal Baglay said Mallya's arrest in London was in connection with the request by India to British authorities for his extradition "Legal process in this regard is underway in the UK", Baglay said.

"Usual Indian media hype", said a tweet sent from Mallya's official Twitter account.

A special court for Prevention of Money Laundering Act cases in April 2016 had issued an NBW against Mallya.

Mr. Mallya has been charged with cheating and conspiracy by the CBI that filed a 1,000-page charge sheet against him for defaulting on a 900 crore loan taken from the IDBI bank in 2009.

The 61-year-old appeared before Westminster Magistrates' Court later on Tuesday.

"Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extradition warrant".

In September 2016, the Indian government revoked Mallya's passport on grounds of misconduct and refusal to answer charges of "wilful default". India's request to hand over Vijay Mallya has been certified by the British Government.

At the time, Mallya denied that he left the country in order to avoid creditors, saying he is not an "absconder".

Mallya owes Indian banks Rs 9,000 crore after his aviation company Kingfisher Airlines shut operations due to rising losses. In February 2017, it reportedly requested the United Kingdom to hasten the extradition process of 16 Indian nationals, including Mallya.

Mr. Mallya, who along with his companies owed more than Rs.9,000 crore to a consortium of banks, had flown out of the country in March past year on a diplomatic passport.

Extradition formalities in the UK involve a preliminary hearing, followed by extradition hearings, and a final approval by the UK Secretary of State. Under this process, the accused person has right to go higher courts to defend himself against any charge.

Mallya, who has thrown lavish parties attended by fashion models and Bollywood stars - and was once hailed as India's Sir Richard Branson - co-owns the Sahara Force India Formula One team.