Liquor tycoon Vijay Mallya was arrested on Tuesday by the Scotland Yard in London. Mallya is accused of defaulting on loans worth crores and is serious charges of money laundering. Surprisingly, during an extradition case, no one is granted bail, but he was granted one after he was taken to Westminster magistrates’ court.
The arrest comes after Arun Jaitley’s recent visit to UK. During his visit, Jaitley had personally appealed to UK PM Theresa May for Mallya’s extradition. “Vijay Mallya was arrested on behalf of the Indian authorities in relation to accusations of fraud. He was arrested after attending a central London police station…” Scotland Yard has clearly said in a statement.
He will be produced in a metropolitan court as the first step in what could be a long legal battle. Mallya owes over Rs 9,000 crore to lenders like SBI, PNB, IDBI Bank, BoB, Allahabad Bank, Federal Bank and Axis Bank, among others. He left the country on March 3 last year for the UK and Indian authorities have been trying since then to bring him back. He has been charged with cheating and conspiracy by the CBI that filed a 1,000-page chargesheet against him.
Earlier, when New Delhi cancelled Mr Mallya’s passport and asked the UK government to deport him, British officials said he could legally stay on in London as he had a UK visa. But last month, the UK told India that its request had been certified by the Secretary of State.
After the incident, Mallya took to twitter to term it all media hype and exclaim that it was just a usual day under the sun for him.
It’s time for the high flying King of good times to come crashing down!