Indian tycoon Vijay Mallya has been arrested in London following an extradition request from India where he is accused of fraud, British police said yesterday.
Mallya was arrested after showing up at a police station early Tuesday, said a statement from the Metropolitan Police in London.
He was produced before the Westminster Magistrates' Court today and was later granted bail. At a preliminary hearing, Mallya was granted conditional bail and released with the case adjourned until May 17.
Indian Information and Broadcasting Minister Venkaiah Naidu said Wednesday that the government would take all measures to bring back Vijay Mallya, a defaulting businessman, from London to face law.
With Mallya owning assets in the United Kingdom, the official said, a bail is not seen as a problem by the courts because it ensure his appearance at the hearings.
Mallya fled India past year after defaulting bank loans worth billions of usa dollars and is now staying in London.
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".
Mallya tweeted on Tuesday: "Usual Indian media hype". They said that even with the bail, the legal process to extradite Mallya has started.
"Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant". And interestingly Mallya use to takes a salary of Rs 33.46 crore from now defunct Kingfisher Airlines.
He has previously disputed accusations that he fled India to avoid bad debts, saying on Twitter that he travels "to and from India frequently".
The 61-year-old liquor baron, who is co-owner of Sahara Force India Formula One Team, made a series of retweets of the teams practice session in Bahrain. He told the bench that Mallya had breached the court orders and his refusal to bring back the money had aggravated the breach.
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