Top 10 Developments In Vijay Mallya’s Case

Top 10 Developments In Vijay Mallya’s Case

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Top 10 Developments In Vijay Mallya’s Case

Proclaimed offender industrialist Vijay Mallya was today arrested in London by Scotland Yard on India’s request for his extradition.
“Officers from the metropolitan police’s extradition unit have this morning arrested a man on an extraction warrant. He was arrested at about 3 pm IST.

The Metropolitan Police said Mallya was arrested after attending a central London police station. He was produced at the Westminster Magistrates’ Court in London and was later seen walking out with his legal team a few hours later after being granted bail.
“It was a voluntary action. He will be out in a few minutes,” said a member of Mallya’s team was quoted as saying by the news agency PTI.

Soon after getting bail from the Westminster Magistrates’ court, Mallya took a swing at the media accusing them of ‘hyping’ the development.
“Usual Indian media hype. Extradition hearing in Court started today as expected,” Mallya tweeted.

India had made an extradition request in February to Britain to deport absconding businessman to face trial. Mallya had fled from India on March 2, 2016.

Last month, Britain cleared India’s request to extradite Mallya to India after special request from the Ministry of External Affairs, Union Finance Minister Arun Jaitley and his ministry.

Vijay Mallya will be brought back to India, due process of law will be followed,” BJP leader and MoS Finance Santosh Gangwar said. Meanwhile, Union Law Minister Ravi Shankar Prasad said that India had put up “a strong case against Vijay Mallya in England.”

Former CBI Director Anil Sinha said the arrest of Vijay Mallya was a “success” of law enforcement agencies and that efforts to bring him back would “fructify”. He also said the arrest signifies the strong resolve of law enforcement agencies and the government.

Mallya is branded a wilful defaulter by United Bank of India. He is facing legal proceedings for defaulting on loans of over Rs 9,000 crore and being tried for cheque bounce. In November, 2015, Finance Minister Arun Jaitley claimed that the total amount owed by Kingfisher owner is Rs 9,091.40 crore. And interestingly Mallya use to takes a salary of Rs 33.46 crore from now defunct Kingfisher Airlines.