The absconded veteran businessman and liquor baron Vijay Mallya has been arrested in London this Morning around 9:30. He was facing the charge of money laundering case and accused of defaulting the loans of worth crores. He will be produced in the court later in the day. The UK police spokesperson said Mallya is under arrest on an extradition warrant.
Back in February, India was asked the UK officials to deport Mr. Mallya as he is facing several charges and many arrest warrants. While sending the request, India said that it has the valid case against Vijay Mallya. If this request is privileged, it will show the British sensitivity towards our concerns. The UK officials have taken this request and sent to the district judge for further course of action.
As per reports, this process includes the number of steps and decisions by the court to issue the arrest warrant. In such cases, the accused person to be brought before the court for the primary hearing. The final decision is to be taken by the secretary of state. Under this process, the accused person has right to go higher courts to defend himself against any charge.
After this arrest, the UK and Indian officials will follow the legal process to decide whether he can be deported to India or not. The Indian investigation agency (CBI) said that itâ€™s a great win for efforts to bring Mallya to Justice.
In March 2016, The Liquor baron fled away to Britain when banks filed the case against him to recover about Rs. 9,000 crore. Regardless of the various summons, he has failed to appear in front of the court under the Prevention of money laundering Act (PMLA). Afterward, the court has issued a nonbailable warrant (NWB) against him. Later in January 2017, in IDBI loan default case, the CBI court has also issued a non-bailable warrant against him. This is really a big day for India as Government was running behind him since long.
Mallya is the prominent seller of liquor in India. His Airlines Company Kingfisher has a loan of Rs. 9,000 crores from various banks. Recently IDBI bank had filed a loan default case of worth Rs. 720 crore. The Indian court has ordered the group of lenders to begin the action of recovering the loans in the starting of this year. This is a really great achievement for Indian Government. India may soon bring him and might produce him in the court against his charges. These all further course of action will follow the proper legal process.