Vijay mallya arrested in london, likely to be extradited to india

Vijay Mallya arrested in London, likely to be extradited to India

Businessman Vijay Mallya has reportedly been arrested in London by Scotland Yard just weeks after UK set in motion the process of extradition of the industrialist who has been declared a proclaimed offender.

Mallya fled to UK in March 2016 after being pursued in courts by banks seeking to recover about Rs 9,000 crore owed by his Kingfisher Airline.

Last month, the British government certified India's request and sent it to a district judge for further action.

CNBC-TV18 on Tuesday reported that Mallya has been produced in a local court in the UK and will soon be handed over to India.

Mallya has avoided several summon notices from Indian courts.

Despite multiple injunctions, he has failed to appear before investigators at the Enforcement Directorate in connection with a probe under the Prevention of Money Laundering Act (PMLA).

Earlier in January this year, a CBI court had issued a nonbailable warrant against Mallya in the Rs 720-crore IDBI Bank loan default case.

Mallya, whose now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016.

No high-profile extradition has taken place from the UK to India since a treaty was signed in 1993, though India has extradited a number of Britons, including Maninderpal Singh, convicted of raping and murdering a British teenager, who had fled to India.

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