Fugitive liquor baron Vijay Mallya arrested in London

Vijay Mallya
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New Delhi: Liquor baron Vijay Mallya was arrested and later granted bail on Tuesday in London over money laundering charges against him.

Mallya is out on bail in another case in which he was arrested in April following India’s extradition request.

Fugitive business tycoon, who has been staying in London for over a year now, is accused of defaulting on loans worth thousands of crores in India. He slipped out of India on March 2 last year, in the middle of attempts by a group of banks to recover more than Rs. 9,000 crore loaned to him for his now collapsed Kingfisher Airlines.

India had made an extradition request in February to Britain to send back the businessman to face trial.

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