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King of good times, Vijay Mallya arrested in London by Scotland Yard

BJP govt is making sure big corporate defaulters are arrested and this is an example of it. Liquor baron Vijay Mallya, who is accused of defaulting loans worth Rs 9,000 crore, was recently arrested in London by the Scotland yard. Mallya was arrested on behalf of the Indian authorities for loan fraud and money-laundering.

Finance Minister Arun Jaitley’s also recently visited the UK, where he is believed to have raised the concern about Mallya in the money-laundering case. CBI has been lately investigating a case against Mallya over the allegations of money laundering and had secured a non-bailable warrant against Mallya.

Earlier, Mallya’s passport was canceled by Indian authorities and asked the UK government to deport him, But British officials said he could legally stay as he has the UK visa. Recently the UK government told India that its request had been certified by the Secretary of State.

King of good times, Vijay Mallya arrested in London by Scotland Yard 1
Source

This is not it, Just hours after Mallya’s arrest, the liquor baron has been granted bail by the Westminster Magistrates Court.

Mallya was arrested at about 9.30 am in London and was taken to Westminster’s Magistrates’ Court where he was granted a conditional bail and soon after getting bail, Mallya took to Twitter to hit out at the Indian media.

Mallya has repeatedly refused to appear before courts and investigators in India since he secretly fled to the UK, is also wanted in various cases of foreign exchange violation and debt recovery and India has handed over a formal request to the British High Commission for his extradition for defaulting on loan payments to state-owned banks and allegedly misusing the funds and following today’s arrest London Police had also issued a statement saying that he had been arrested.

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