London, Oct 3: Liquor baron Vijay Mallya was arrested here on Tuesday in connection to money laundering case. He was subsequently granted bail. Also Read - Vijay Mallya Has Applied For ‘Another Route’ to Stay in UK, Says Lawyer
Mallya is scheduled to appear before the Westminster Magistrates’ Court at 2 PM (local time) today. Also Read - Jaishankar Raised Vijay Mallya's Extradition, UK Not Giving Details: Centre Tells SC
Mallya had earlier been arrested on April 18 by the Scotland Yard on money laundering charges. The court, however, had granted him immediate bail after confiscating his passport. Also Read - UK Court Denies Release of Substantial Funds For Vijay Mallya's Legal Fees
The former chief of Kingfisher Airlines has been staying in London for nearly a year now. He had slipped out of India in March 2016, after a consortium of 17 banks accused him of wilfully defaulting loans to the tune of Rs 9,000 crores.
The extradition request was made by India in February this year, via the Interpol. The Britain authorities have been asked to send the businessman back to India for facing trial in the loan default case.
Britain’s Serious Fraud Office (SFO), in coordination with the Indian agencies – Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) – is probing the money laundering case against Mallya.
The extradition request of India is being heard by the Westminster court, which is expected to issue its final order as late as December this year.
The Crown Prosecution Service (CPS), which is arguing on behalf of Indian agencies in the court, confirmed the arrest of Mallya. As per TV reports, the Crown has indicated that more charges could be pressed against the liquor baron.
The CPC was submitted a 5,500 page admitted by the ED in July this month. The Britain’s probing agency is also looking into the “shell companies” of Mallya in UK and other European nations which were allegedly used by him to launder money from India.