Indian Business Tycoon Arrested in London

Kristopher Drake
April 19, 2017

"Usual Indian media hype".

The flamboyant financier, who co-owns Indian Formula One team Force One, appeared in a London court yesterday and was granted bail. "He was arrested after attending a central London police station, and will appear at Westminster Magistrates' Court later today, 18 April". Within hours, a court granted him bail.

It is hard to hazard a guess about the outcome of the battle because British courts have often employed tough standards to allow extradition requests: perhaps the reason why Mallya tried to play down the dramatic development and accused Indian media of hyping it up."Usual Indian media hype.Extradition hearing in court started today as expected", a defiant Mallya tweeted after he was released on a bail bond of Rs 5.4 crore. "Vijay Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud". Mallya has a kn. A Metropolitan Police statement said officers from the Extradition Unit arrested Mallya on an extradition warrant from India. The extradition treaty between Indian and United Kingdom also clearly states that the requested state which is United Kingdom in Mallya's case also can ask for additional information and evidence if it finds the submitted evidence is not enough for them to come to a conclusion for granting extradition which will further delay the process. "Extradition hearing in court started today as expected".

Critics say the government has not done enough to tackle the issue of wealthy individuals such as Mallya, who obtain huge loans which they later fail to repay.

Mallya has repeatedly dismissed the charges against him and defended himself in messages from his personal account on social media.

Last month, Britain cleared India's request to extradite Mallya to India after special request from the Ministry of External Affairs, Union Finance Minister Arun Jaitley and his ministry. Minister of State of Finance Santosh Kumar Gangwar said the government is assessing information and will continue efforts to bring back Mallya. The magistrate carried out several steps: ensured the arrested is the person named on the warrant, fixed a date for the start of the extradition hearing on May 17, which is within 21days of the date of arrest, informed Mallya of the contents of the European Arrest Warrant and explained that he could consent to surrender. He has also accused government agencies of pursuing a "heavily biased investigation" and holding him guilty without trial. "Deportation would have led to immediate custody to India", Surjewala said.

".but within one hour, Vijay Mallya got bail".

Karthikeyan also asserted if this kind of cases increased, then people would stop trusting the government. "As far as the government of India is concerned, we take this issue of defaults against the financial system in India very seriously".

Other reports by Ligue1talk

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