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Kingfisher Airlines Vijay Mallya Granted Bail After Arrested In London By Scotland Yard

Vijay Mallya
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The 61-year-old Vijay Mallya, the Liquor baron who is accused in multi-million loan default case was arrested by Scotland Yard in London today. Liquor baron and former Kingfisher boss Vijay Mallya was granted bail shortly after he was arrested on Tuesday in London.

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Scotland Yard said that Mallya has been declared a proclaimed offender and arrested on an extradition warrant will be appearing in Westminster Magistrates' Court in London today.

While, the Bank officials made several attempts to recover the loans which he has defaulted, the business tycoon left India for UK last year. Even though, India had cancelled wilful defaulter, Mr Mallya's passport, Uk officials refused to extradite saying under the country’s laws, visitors could stay in the country even if their Indian passport expires provided they have UK visa.

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Indian government requested UK officials to extradite Mallya who is accused of defaulting on bank loans worth 9,000 crores in February. Last week, Delhi court put out an open-ended non-bailable warrant against Mallya in a case of alleged violation of foreign exchange rules.

It was revealed in CBI investigation that, of the Rs 900 crore, Rs 250 crore was granted to buy aircraft parts, was instead diverted abroad.

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Central Bureau of Investigation (CBI) filed a 1000-page charge sheet against Mr Mallya who owes over Rs 9,000 crore to lenders like SBI, PNB, IDBI Bank, BoB, Allahabad Bank, Federal Bank and Axis Bank, among others.

Here is the official statement by the Metropolitan Police, London:

Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant. Vijay Mallya, 61 (18/12/1955), was arrested on behalf of the Indian authorities in relation to accusations of fraud. He was arrested after attending a central London police station, and will appear at Westminster Magistrates' Court later today, 18 April

Soon after the bail, he tweeted the following

Finally, the corporate Vijay Mallya is on the run, he may escape from police but not from Indian media.

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