Home / Latest News / Law knocks Vijay Mallya’s door, Arrested in London by Scotland Yard, but gets Bail

Law knocks Vijay Mallya’s door, Arrested in London by Scotland Yard, but gets Bail

April,18,2017:

CBI claims that it is e confident of bringing Mallya back.

Mallya Gets Bail
Mallya Gets Bail

Vijay Mallya was arrested in London on Tuesday on an extradition warrant after a request from the Indian authorities. He faces the charges of fraud.

He was granted bail when he appeared at Westminster Magistrates’ Court.

The 61 year old left India in March last year. Later he tweeted, “Usual Indian media hype, extradition hearing in the Court started today as expected.”

The Central Bureau of Investigation, which is investigating the ‘willful default’ of a ₹900 crore loan from IDBI on part of the Kingfisher Airlines promoted by Vijay Mallya, had sent extradition request to the United Kingdom through the Ministry of External Affairs.

Enforcement Directorate is probing in the same matter, got Vijay Mallya declared as a proclaimed offender & sent a request for Mallya’s arrest through the Mutual Legal Assistance Treaty.

Sources in agencies said that a CBI team would soon leave for London to help the Crown Prosecution in the court to extradite Vijay Mallya.

A senior Enforcement Directorate officer said that “Whatever assistance, evidence & documents are required in the case will be provided by us”. Home Ministry’s sources said Internal Security (II) division had begun work on the formalities involved in the extradition proceedings.

The Kingfisher Airlines defaulted on ₹9,000 crore in loans taken from 17 banks led by the SBI. But only IDBI Bank lodged a complaint with CBI.

Related News @ LatestLaws.in-

9.2.2017 – India finally hands over Vijay Mallya’s extradition request to Britain

20.11.2016 – High Court orders complete Winding up of Vijay Mallya’s Kingfisher Airlines

 25.7.2016 – Supreme Court issues Contempt Notice to Vijay Mallya on Bank’s Plea

14.6.2016- Special Court declares Vijay Mallya a Proclaimed Offender, deportation to follow

2.5.2016- Vijay Mallya resigns as MP, castigates Parliament: I will not get a fair Trial or Justice

21.4.2016- First conviction recorded against absconding Businessman & MP Vijay Mallya

16.4.2016- Passport suspended, NBW for Arrest in pipe, Long Arms of Law are surely catching up against Vijay Mallya

30.3.2016- Vijay Mallya blinks before Supreme Court: Offer to pay Rs.4,000 Crore by Sept. 2016, but not coming back soon

21.3.2016- Supreme Court rapped Mallya for ‘sheer abuse of law’ & evading Law Enforcement Agencies

12.3.2016- Taking cue from Mallya episode, SEBI now bars willful Loan defaulters from Market & holding post in Listed Companies

10.3.2016- Even as Banks line up at SC for hearing, Kingfisher Mallya does a vanishing act, flees Country

8.3.2016- 17 Banks join hands in knocking Supreme Court door to stop Vijay Mallya from fleeing country

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