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Vijay Mallya arrested in London. Here’s all you want to know about his controversies

Vijay Mallya arrested in London (Pic Courtesy: TOI)

The liquor baron Vijay Mallya, who fled India in March 2016, has finally been arrested in London by Scotland Yard. According to the reports, the business tycoon will be produced at the UK’s Westminster Magistrates’ Court later in the day. The official statement From Scotland Yard said –

Officers from the Metropolitan Police Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant. Vijay Mallya, 61 (18/12/1955) was arrested on behalf of the Indian authorities in relation to accusations of fraud.

Mallya faces extradition ‘specifically on India’s request’, and the process from the UK involves a number of steps. And in case, a warrant is issued by the judge, the person is brought before the court f or hearing, which is then followed by an extradition hearing before the Secretary of State takes a final decision.

The television reports said that Finance Minister Arun Jaitley made a personal request to the UK Prime Minister when he visited in February. India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK. British authorities have informed the CBI about the arrest, and a team will head up to London soon to bring Vijay Mallya back to India.

Mallya fled to London in March 2016 after being pursued by banks to recover Rs 9000 crore owed by his Kingfisher Airlines. India had also cancelled Mallya’s passport and asked the British government to deport him to India, but the UK officials said that he can legally live in London as he had a UK visa.

CBI filed a 1000-page chargesheet against him for defaulting Rs 9000 crore loan taken from the IDBI bank in 2009.

Here’s what Vijay Mallya wrote –

From Kingfisher Airlines to money laundering, here are Mallya’s controversies that you need to know –

  • In 2016, a group of 17 banks moved the Debt Recovery Tribunal o hear a July 2013 petition to recover over Rs 9000 from the liquor baron that was loaned to him for his Airlines. Vijay Mallya left India on March 2016.
  • On March 7, the Enforcement Directorate (ED) in Mumbai filed a money laundering case against Vijay Mallya while the Tribunal had already ordered Diageo not to pay him Rs 5.04 billion till he proves his innocence in the previous case.
  • When Mallya fled to London, the banks requested the Supreme Court to restrain him from ‘absconding’, but Mallya was quick to clarify that he is not an absconder, and that he is an international businessman, and he flies abroad frequently.
  • The Serious Fraud Investigation Office (SFIO) had started investigating the alleged fraud and financial irregularities in Kingfisher Airlines.
  • The ED then ordered Mallya to appear before the court in the money laundering case and asked the banks to collect all the loan-related documents of Mallya.

Here’s how Twitter reacted to Vijay Mallya’s arrest –

Hackers took over Vijay Mallya’s Twitter account, leaked all personal details!

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