Vijay Mallya arrested in London, released on bail
Indian businessman Vijay Mallya, who has been declared a proclaimed offender, was arrested on Tuesday in London by Scotland Yard on India’s request for his extradition on charges of fraud. But, according to reports, he was granted bail three hours after his arrest.
Vijay Mallya’s lawyer was quoted as saying to ET Now that he is back home. On his arrest and release, Vijay Mallya tweeted, “Usual Indian media hype. Extradition hearing in Court started today as expected.”
“Officers from the Metropolitan Police’s Extradition Unit this morning arrested a man on an extraction warrant. Vijay Mallya was arrested on behalf of the Indian authorities in relation to accusations of fraud,” Scotland Yard told PTI. Vijay Mallya was produced in Westminster Magistrates’ Court in London.
According to reports, Vijay Mallya, whose now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016.
In January this year, an Indian court had ordered a consortium of lenders to start the process of recovering the loans. A legal process in the UK is underway to determine if Vijay Mallya can be extradited to India to face charges in Indian courts.
India had given a formal extradition request for Vijay Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8, according to a report in DNA.
While handing over the request, India had stated that it has a ‘legitimate’ case against Vijay Mallya and added that if an extradition request is honoured, it would show British “sensitivity towards our concerns”.
Last month, the British government certified India’s request and sent it to a district judge for further action. The extradition process features numerous steps including a decision by the judge whether to issue a warrant of arrest.
In the event of a warrant, the person is arrested and brought before the court for preliminary hearing followed by an extradition hearing before a final decision is taken by the secretary of state, the report added.