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Scotland Yard arrests Indian business tycoon Vijay Mallya

18 April 2017 05:05 pm - 8     - {{hitsCtrl.values.hits}}

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Indian business tycoon Vijay Mallya who was accused of defaulting on loans worth Indian crores has been arrested in London and will be produced in a metropolitan court today, NDTV said.

India had in February asked the UK to extradite Mr Mallya, who is facing charges of money laundering and several warrants in the country.

The Central Bureau of Investigation (CBI) sources count the arrest, which took place around 9.30 in the morning, as a big win in attempts to bring the liquor baron to justice.

Last month, the UK told India that its request had been certified by the Secretary of State.

A Delhi court last week put out an open-ended non-bailable warrant against the 61-year-old in a case of alleged violation of foreign exchange rules.

Mr Mallya left India a year ago amid attempts by a group of banks to recover around Rs. 9,000 crores in loans to his collapsed Kingfisher Airlines.

New Delhi had cancelled Mr Mallya's passport and asked the UK government to deport him to India. But initially, British officials said even without an Indian passport, he could legally stay on in London as he had a UK visa.

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

The CBI probe found that 250 crore of this - given to buy aircraft parts - was diverted abroad.

Amid multiple attempts to extradite him, Mr Mallya was seen at events in the UK linked to his formula one team Sahara Force India.

In a series of tweets recently, he accused the government of holding him guilty "without a trial".

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  Comments - 8

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  • AUSLANKA Wednesday, 19 April 2017 04:02 PM

    India, one time most corrupt nation come to terms with their opportunity cost for corruption against its development and on the right tract for a prosperous nation now. How about Sri Lanka? Most corrupt people in the country is in the Parliament. Will they ever know how to use our huge population to country's benefit?

    moorkara Tuesday, 18 April 2017 10:50 PM

    sorry guys he is bailed out old bailey via DM Android App

    Jaffna Tamil Tuesday, 18 April 2017 10:55 PM

    He is a typical big businessman, poor education and coming from low social class. What to expectfrom these type of people !!!!!

    critic Tuesday, 25 April 2017 09:36 AM

    what made you think that he's not educated and from a low class family.

    nick Wednesday, 19 April 2017 04:32 AM

    this guy is a playboy must have wasted so much on women his son is a typical rich kid with no brain RCB ipl team may go into idbi bank as to recover their loss so what about our Bond Scam via DM Android App

    ceylon Tuesday, 18 April 2017 06:55 PM

    nature of business is increasing and decreasing.profitable and lossess.he is not wrong for business loss. via DM Android App

    ceylon Tuesday, 18 April 2017 06:57 PM

    this same happened to lalith kothalawala too.when business successfull he was praised.when business losshe put to jail.what a joke. via DM Android App

    Justica USA... Tuesday, 18 April 2017 08:28 PM

    FCID must take a leaf from the Indian CID to get swindlers arrested even if they are overseas....so arresting local swindlers is a piece of cake....produce the buggers in courts...expose their wrong doings n jail em....stop admitting them to merchant ward n no ambulance rides to courts....whereby ask the judge to step out from the court to see an ugly face who was onetime VERY powerful... via DM Android App


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