KalingaTV News Network
London: Liquor baron Vijay Mallya, who is wanted in India for defaulting on loans worth Rs 9,000 crore, was arrested in London on Tuesday but was granted bail soon thereafter.
This was Mallya’s second arrest in the UK since he fled India. He was earlier arrested in April this year and was immediately released on bail then as well.
The 61-year-old Mallya fled to Britain in March 2016 after being pursued for recovery of Rs 9,091 crore owed to a consortium of 17 Indian banks by his now defunct Kingfisher Airlines.
Indian authorities have filed two separate charge-sheets in the UK over his alleged money laundering, one by the Central Bureau of Investigation (CBI) and the other by the Enforcement Directorate (ED).
Mallya’s arrest in April was in connection with the CBI charge sheet while today’s arrest had to do with the ED case.
Kalinga AI