Vijay Mallya arrested by Scotland Yard in London

0
138

Vijay MallyaOn an extradition warrant, loan defaulter and business tycoon Vijay Mallya was reportedly arrested by Scotland Yard on April 18.

He is believed to be produced before the Westminster Magistrates’ Court later in the day.

Earlier in February, the government had handed over a formal request for the fugitive industrialist’s extradition to the UK High Commission, saying it had a legitimate case against him in on charges of financial irregularities and loan default.

Mallya has been absconding since 2016 as he failed to pay bank loans worth Rs 9,000 crore taken on behalf of his inoperative Kingfisher Airlines.

Despite multiple courts in India had issued warrants against Mallya in various cases over the past one year, he failed to appear before Enforcement Directorate or the CBI.

In an IDBI loan default case, a CBI court in January had also issued a non-bailable warrant (NBW) against the liquor baron.