Vijay Mallya arrested in London again in money laundering case, but gets bail right away

This is the second time that Mallya has been arrested by the UK police in connection with the ED plea on money laundering.

Published: 03rd October 2017 05:34 PM  |   Last Updated: 04th October 2017 04:43 PM   |  A+A-

Vijay Mallya. | Express File Photo

By Express News Service

NEW DELHI: Police in the United Kingdom Tuesday arrested fugitive liquor baron Vijay Mallya in London on a plea by the Enforcement Directorate (ED) seeking his extradition in connection with a pending money laundering case against him. He was, however, released on conditional bail by the Westminster court immediately after he furnished a bail bond of £650,000.

“Dr Vijay Mallya has been arrested by UK police in pursuance of the request sent by Enforcement Directorate for his extradition,” the ED tweeted.

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Mallya is facing money laundering cases in connection with a loan default to the tune of Rs 9,000 crores. This is the second time that Mallya has been arrested by the UK police in connection with the ED plea on money laundering.

Mallya is also wanted by the CBI that is probing loan default cases relating to grant of Rs 7,000 crore loan minus interest by a consortium of banks led by the SBI to the now defunct Kingfisher Airlines and another one relating to sanction of Rs 900 crore loan by IDBI, despite the flamboyant businessman defaulting on other loans.

Mallya was earlier arrested by Scotland Yard on April 18 on a plea by the ED. The ED, which is probing the money laundering cases against Mallya, is set to chargesheet him. The agency had approached the Crown Prosecution Service of UK seeking Mallya’s extradition to face the law in India.

In March 2016, Mallya left India and has since been staying in London. India had approached the UK authorities under the extradition treaty between the two countries through a note verbale on February 8 seeking his extradition.

Custody claim

Both the ED and CBI are likely to file chargesheets before the trial for Vijay Mallya’s extradition begins in London to buttress India’s claim for his custody.



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