Today businessman, politician and loan defaulter Vijay Mallya was arrested by Scotland Yard on an extradition warrant. He will be produced before the Westminster Magistrates’ Court later in the day.
In February this year, Indian government had handed over a formal request for the fugitive industrialist’s extradition to the UK High Commission, saying it had a legitimate case against him in on charges of financial irregularities and loan default.
Mallya fled to Britain in March 2016 after being pursued in courts by banks seeking to recover about Rs 9,000 crores owed by his Kingfisher Airline.
He did not appear before investigators at the Enforcement Directorate in connection with a probe under PMLA the Prevention of Money Laundering Act.
