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Vijay Mallya arrested in London, released on bail

Samarth Srivastava

Samarth SrivastavaBy Samarth Srivastava

Published on 3 Oct 2017 12:00 PM GMT

Vijay Mallya arrested in London, released on bail
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London: Fugitive Indian liquor baron Vijay Mallya on Tuesday was arrested in money laundering case in London. The Central Bureau of Investigation (CBI) confirmed the same.

He was, however, released on bail, minutes after the arrest.

Arrest made on fresh docs presented before magistrate court. Enforcement Directorate (ED) said to London court that Mallya diverted loan money to tax havens.

It may mentioned that, this is Vijay Mallya’s 2nd arrest in the money laundering case. The liquor baron was first arrested in April 2017.

Mallya is wanted in India for his Kingfisher Airlines defaulting on loans worth nearly Rs 9,000 crore. He fled to Britain in March last.

The flamboyant businessman, known for his lavish lifestyle, was arrested by the Scotland Yard on an extradition warrant on April 18. He was, however, released on conditional bail immediately after he provided a bail bond of 650,000 pounds.

The Indian government had given additional papers to Britain for extradition of the fugitive businessman after a British court had observed in June that Indian investigation agencies had delayed evidence against him.

Samarth Srivastava

Samarth Srivastava

Employed as sub-editor at newstrack.com. A learner, who loves covering sports, entertainment and defence kind of stuff.

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