#VijayMallya arrested by Scotland Yard in #London, gets bail after appearing in court
Vijay Mallya, the subject of an extradition request from India for alleged financial irregularities, was arrested by Scotland Yard here on Tuesday morning, beginning a process that may be drawn over months, if not years.
The Westminster Magistrates’ Court later granted him bail on a 650,000 pound bond. The next hearing of the case will be on May 17.
It said: “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.”
Mallya, who arrived in London in March last year and had his passport revoked later, is wanted in India for defaulting on loans worth around Rs 9,000 crore related to Kingfisher Airlines that was grounded in 2012.
