Vijay Mallya arrested, released on bail in London in money laundering case

03 October, London

 

The liquor baron Vijay Mallya was Tuesday briefly arrested by the UK police in a money laundering case and later released on bail.

He was granted bail by the Westminster Magistrates’ Court in London on the same conditions as the one granted in April 2017.

Mallya has been bailed till 4th of December this year, when his extradition hearing is listed to begin at Westminster Magistrates’ Court.

Mallya was arrested by the police in pursuance of extradition request by India based on money laundering charges against him.

The ED said the UK authorities has taken cognizance of its affidavit and have paved the way for Mallya’s extradition under money laundering charges.

The case is being probed by the ED and it has already filed a charge sheet against him and others in a Mumbai court.

The ED will be arguing the case against Mallya on behalf of the Indian government. The embattled businessman, who has been based in the UK since he fled India in March last year. He is wanted in India for his erstwhile Kingfisher Airlines’ default on loans worth nearly 9,000 crore rupees.

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