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Vijay Mallya, Who Fled India In 2016, Arrested In London By Scotland Yard

Discussion in 'Internal Affairs' started by lca-fan, Apr 18, 2017.

  1. lca-fan

    lca-fan Major SENIOR MEMBER

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    Vijay Mallya, Who Fled India In 2016, Arrested In London By Scotland Yard
    Reported by Sunetra Choudhury, Edited by Indroneil B Biswas | Updated: Apr 18, 2017 16:52 IST

    Story Highlights
    • Vijay Mallya arrested by Scotland Yard
    • He will be produced in a metropolitan court in London today
    • Business tycoon is accused of defaulting 9,000 crores in loans
    New Delhi: Vijay Mallya, accused of defaulting on loans worth crores, was arrested in London today in what the CBI counted as a major win in attempts to bring the business tycoon to India to face trial. Mr Mallya, 61, is wanted for loan fraud and is also facing charges of money-laundering.

    "Vijay Mallya was arrested on behalf of the Indian authorities in relation to accusations of fraud. He was arrested after attending a central London police station..." Scotland Yard said in a statement.


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    He will be produced in a metropolitan court as the first step in what could be a long legal battle to prove New Delhi's case for extradition.

    India had requested the UK in February to extradite the flamboyant entrepreneur, who left India a year ago amid attempts by a group of banks to recover around Rs 9,000 crore in loans to his collapsed Kingfisher Airlines.


    The arrest comes weeks after Finance Minister Arun Jaitley's visit to the UK, where he is believed to have raised that a certain "fugitive" was overstaying in London. British Prime Minister Theresa May had dropped in on a meeting between Mr Jaitley and his UK counterpart when the subject was raised, the Press Trust of India quoted sources as saying.

    Earlier, when New Delhi cancelled Mr Mallya's passport and asked the UK government to deport him, British officials said he could legally stay on in London as he had a UK visa.

    But last month, the UK told India that its request had been certified by the Secretary of State.

    Mr Mallya has been charged with cheating and conspiracy by the CBI that filed a 1,000-page chargesheet against him for defaulting on a 900 crore loan taken from the IDBI bank in 2009. The CBI probe found that 250 crore of this - given to buy aircraft parts - was diverted abroad.

    Amid multiple attempts to extradite him, Mr Mallya was seen at events in the UK linked to his formula one team Sahara Force India.

    In a series of tweets recently, he accused the government of holding him guilty "without a trial".
    http://m.ndtv.com/india-news/vijay-mallya-arrested-by-scotland-yard-in-london-1682826
     
  2. Scotlander

    Scotlander Lieutenant FULL MEMBER

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    He's already been out on Bail. :)
     
  3. lca-fan

    lca-fan Major SENIOR MEMBER

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    But now the trial will start in court for his extradition which was not the case earlier.:azn:
     
  4. Scotlander

    Scotlander Lieutenant FULL MEMBER

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    Exactly. But, I won't count my chickens until they have hatched.:biggthumpup:
     
    Abingdonboy likes this.
  5. Veeran

    Veeran Lieutenant FULL MEMBER

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    @Nirbho Please allow me to view yor profile page. I want to ask some questions related to Bhuddism in messages.
     
  6. Abingdonboy

    Abingdonboy Major Technical Analyst

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    Still going to be a long process with no assurances of success. The UK has a long history of harbouring the world's criminals and I don't think there is much interest in deporting this scumbag, especially not to India.
     

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