1. Vijay Mallya arrested in London: Beleaguered businessman hits out at Indian media, dubs reports as ‘hype’

Vijay Mallya arrested in London: Beleaguered businessman hits out at Indian media, dubs reports as ‘hype’

Liquor baron Vijay Mallya who was arrested earlier today by Scotland Yard in London procured bail three hours later.

By: | New Delhi | Updated: April 18, 2017 5:23 PM
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Liquor baron Vijay Mallya who was arrested earlier today by Scotland Yard in London procured bail three hours later. He then took to twitter after his release where he took a jibe the Indian media and wrote “Usual Indian media hype. The extradition hearing in Court started today as expected.” Liquor Baron Vijay Mallya was wanted by Indian security agencies for a long time now. Mallya was arrested under Mutual Legal Assistance Treaty  (MLAT) after India had made an extradition request to UK authorities.

The tweet by Vijay Mallya-

As soon as Mallya was arrested, an official statement was released from Scotland Yard on Mallya’s arrest, which read, “Officers from the Metropolitan Police’s Extradition Unit have this morning, Tuesday 18 April arrested a man on an extradition warrant. Vijay Mallya, 61 (18/12/1955), was arrested on behalf of the Indian authorities in relation to accusations of fraud. He was arrested after attending a central London police station, and will appear at Westminster Magistrates’ Court later today, 18 April.”

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Vijay Mallya was wanted by the CBI and Enforcement directorate in loan default case. He was declared as a wilful defaulter last year for not being able to repay a sum related to Kingfisher Airlines that was grounded in 2012.

Earlier in the month, a consortium of banks led by the State Bank of India finally sold the luxury property in north Goa’s upscale Candolim beach village to Sachiin Joshi for Rs 73.01 crore on April 8 after three failed attempts. With the change of ownership, the name of the villa would also be changed as Joshi said it “should change” but he is yet to finalise any name. The villa was up for sale from a long time. The lender banks had opened the villa that was used by the liquor baron to host lavish parties for inspection to interested bidders several times.

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