Vijay Mallya Arrested in London and Granted Bail Within An Hour

Vijay Mallya Arrested in London and Granted Bail Within An Hour

Vijay Mallya one of the biggest Indian business tycoon under great debt and being bankrupt escaped from India in the year 2016. The liquor baron, Vijay Mallya was arrested in London on an extradition warrant. But soon, he was granted a bail with a bond of $6,50,00 and is expected to appear in a court for further trials. He was granted a bail on a condition that he will not leave London, has to keep his phone fully- charged all the time. Along with all these conditions, London court has taken his Indian passport.

Authorities from a Scotland yard, said, “Officers from the Metropolitan Police’s Extradition Unit have this morning, Tuesday, 19 April, arrested a man on an extradition warrant.He was arrested after attending a central London police station and will appear at Westminster Magistrates’ Court.”

He was arrested under great charges, and also for being a defaulter for loan of approximate 9,000 crore by various banks.

CBI team from India will soon be sent to London for further extradition of Mallya. One of the CBI officer on the case said, “The team will carry relevant documents and evidence as desired by the prosecution there. The case will be fought by them. We will provide assistance. We are confident of bringing Mallya back. We have a strong case.”

Indian government says, Mallya’s arrest is the first major step taken to bring him back to India and punish all the corrupts.

In the month of January, court issued a non-balliable warrant against Kingfisher’s owner Vijaya Mallya. Also, two months back, Indian Finance Minister paid a visit to the country, he digs into the matter of Mallya, pointing that country has no rights to keep Mallya with him as Mallya has no legal passport. He said, “Many thought that when you take loan from the banks, the money need not be repaid and you can come to London and stay out here… And democracy is liberal enough to permit defaulters to stay here. That normal needs to be cracked… It is the first time that you have strong action being taken. In fact, it has never happened that defaulters are on the run. The fact that they are on the run and their properties are being attached, is a signal that India as a country is sending for the first time. Otherwise, we had learned to live with defaulters.”