Vijay Mallya granted bail hours after his arrest in London

Vijay Mallya granted bail hours after his arrest in London

Vijay Mallya granted bail hours after his arrest in London

Mallya had fled to Britain in March 2016 after being pursued for recovery of Rs 9,091 crore owed to a State Bank of India-led consortium of 17 Indian banks, by his now defunct Kingfisher Airlines.

Indian businessman Vijay Mallya was arrested and soon granted bail in London on Tuesday.

He was originally arrested and bailed in April after India asked for his extradition in February.

However, he was later granted bail by Westminster court within half-an-hour of his arrest on the similar grounds on which he was earlier allowed bail.

"I have not eluded any court".

Mallya was once known as the "king of good times" but dropped off India's most wealthy list in 2014, engulfed by the massive debts of his grounded carrier Kingfisher Airlines. CPS in a statement has confirmed the liquor baron has been arrested under Prevention of Money Laundering Act (PMA) in relation to ongoing proceedings. The arrest was made on fresh documents presented before the magistrate court.

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Force India co-owner, Vijay Mallya, leaves after an extradition hearing at Westminster Magistrates Court, in central London on June 13, 2017.

Mallya, who has been declared a proclaimed offender, was arrested in April by Scotland Yard on India's request and was let out on bail.

A Karnataka High Court judgement in 2013-14 held that Mallya had diverted Rs 4,000 crore, from the sale of United Spirits Limited to British drinks giant Diageo, to an entity in the British Virgin Islands. The next hearing is scheduled for November 20.

Mallya, last month, submitted his response to India's request in a large box which had four reports. The new charge is essentially showing where the money went to.

Vijay Mallya Gets Arrested In UK In Money Laundering Case:- Liquor baron, Vijay Mallya (61) has been arrested in London, in case of money laundering.

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