Vijay Mallaya Arrested, Released On Bail
Vijay Embattled Indian tycoon of defunct Kingfisher Airlines Vijay Mallaya, who has been declared a proclaimed offender, was arrested today by Scotland Yard in London, upon India's request to extradite the 'international businessman' from Britain. Subsequently here hours after arrest he was released on bail three hours after arrest.
"Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant," Scotland Yard said in a statement. Vijay Mallya, 61 (18/12/1955), was arrested on behalf of the Indian authorities in relation to accusations of fraud.”
The 61-year-old liquor baron was arrested was taken to Westminster's Magistrates' Court in London at about 9.30 am London local time and was taken to Westminster's Magistrates' Court in London.
The Westminster Magistrates’ Court later granted him bail on a 650,000 Sterling pound bond. The next hearing of the case will be on May 17.
It said: “Officers from the Metropolitan Police’s Extradition Unit have this morning, Tuesday 18 April, arrested a man on an extraction warrant. Vijay Mallya, 61 (18/12/1955), was arrested on behalf of the Indian authorities in relation to accusations of fraud.”
Mallya, who arrived in London in March last year and had his passport revoked later, is wanted in India for defaulting on loans worth around Rs 9,000 crore related to Kingfisher Airlines that was grounded in 2012.
His extradition figured in talks between finance minister Arun Jaitley and Prime Minister Theresa May and Chancellor Philip Hammond during Jaitley’s visit to London in February.
A meeting of home department officials from both countries discussed extraditions and exchanged lists of people sought in both countries in New Delhi in February.
During his visit, Jaitley, without naming Mallya, remarked at an event at the London School of Economics that “democracy is liberal enough to permit defaulters to stay”.
“Many thought that when you take loan from the banks, the money need not be repaid and you can come to London and stay out here...and democracy is liberal enough to permit defaulters to stay here. That normal needs to be cracked,” he had said.
“It is the first time that you have strong action being taken. In fact, it has never happened that defaulters are on the run. The fact that they are on the run and their properties are being attached, is a signal that India as a country is sending for the first time. Otherwise, we had learned to live with defaulters.”
- Asian Tribune -