Businessman Vijay Mallya who has been declared a proclaimed offender, was arrested on Tuesday in the UK by the Scotland Yard.
Vijay Mallya was arrested on Tuesday in London for defaulting the loans which worth in crores. The Scotland Yard has arrested the Vijay Mallya on behalf of the Indian Authorities who was accused of the defaulting on a 900 crore loan taken from the IDBI bank in 2009.
Vijay Mallya will be produced in the metropolitan court and the British authorities have informed the Central Bureau of Investigation (CBI) about the arrest. But according to the reports from the Reuters news agency, Mallya was granted a bail shortly after the arrest. After the release, Mallya tweeted about the arrest.
The Indian government has given a formal extradition request to the UK government about Mallya as he was a wilful defaulter and need to bring him back to the India. While handling the request, the Indian administration stated that it has a legitimate case against Mallya and maintained that if an extradition request is honoured, it would show British “sensitivity towards our concerns”.
According to the reports, Arun Jaitley made an appeal to the UK Prime Minister Theresa May in the last February about Vijay Mallya.
The UK administration has certified the requests made by the Indian government and send the proposal to the district judge for further action.
The extradition process of Mallya was started by taking several numbers of steps which also includes the decision taken by the judge whether to issue an arrest warrant or not.
Last year, Mallya left India and went to the UK after being followed in courts by banks in order to recover an amount of Rs 9,000 crore which was owed by the Kingfisher Airline. Mallya failed to appear before the investigators at the Enforcement Directorate in connection with an investigation under the Prevention of Money Laundering Act (PMLA).
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The arrest was raised just within a week after the Finance Minister Arun Jaitley’s visit to the UK. The UK Prime Minister Theresa May dropped a meeting with Jaitley and the UK counterparts, at that time Jaitley raised about the Mallya, who has done fraud in India and was overstaying in London, the sources said.