The latest breaking news coming in that the liquor baron Vijay Mallya has been arrested by the London Police authorities. He has been arrested under the Prevention of Money Laundering Act in London.
Vijay Mallya is wanted in India for a loan default of worth 9000 crores owed by his Kingfisher Airlines. The 61-year-old absconding Indian was out on the bail after he was arrested by Scotland Yard on April 18.
India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8 and had asserted that it has a “legitimate” case against him.
Acting on that front, the London police have arrested him on Oct 03, 2017. He will be produced in court for the hearing, reports Doordarshan News.
The latest news coming in at 5:45 pm that, Mallya has now been granted bail by the London court after providing surety and a bail bond.
Update at 5:56 pm.
Enforcement Director counsel Hiten Venegaonkar told that the bail to Vijay Mallya was a procedural matter and that he would be released soon. Venegaonkar said the fresh affidavit filed by the agency was only related to the IDBI offence, and said it contained concrete evidence against Mallya.
More info awaited…