Vijay Malya,former Kingfisher owner, finally arrested in London by Scotland yard.

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Embattled businessman and loan defaulter Vijay Mallya was arrested on Tuesday by Scotland Yard on an extradition warrant by India. He will be produced before the Westminster Magistrates’ Court later in the day. The reason for the arrest of the 61-year-old former liquor and aviation tycoon is not known.

Mallya, who arrived here in March last year and had his Indian passport revoked, would appear before the Westminster magistrates court later in the day, the sources said.

The flamboyant businessman is wanted in India for defaulting on loan worth around Rs 9,000 crore related to Kingfisher Airlines that was grounded in 2012.

India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8.

While handing over the request, India had asserted that it has a “legitimate” case against Mallya and maintained that if an extradition request is honoured, it would show British “sensitivity towards our concerns”

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“The UK home department on February 21 conveyed that the request of India for extradition of Mallya has been certified by the secretary of state and sent to the Westminster magistrates’ court for a district judge to consider the issue of releasing of warrant,” external affairs ministry spokesperson Gopal Baglay said on March 24.

Chairman and CEO of India's Kingfisher A

Recently, a consortium of banks led by the State Bank of India managed to sell his iconic Kingfisher villa in Goa after three failed attempts at auction.
The sea-front villa, which was Mallya’s party pad, was bought by actor-businessman Sachiin Joshi for Rs 73 crore. The villa was among the assets Mallya pledged to his lenders, who took possession of the property in May 2016.The villa was legally owned by United Breweries Holdings, the parent of the Kingfisher Airline.Vijay malya could soon be heading to India, sources say.

 

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