Vijay Mallya arrested in London

April 18, 2017 16:20
Vijay Mallya arrested in London

Fugitive, Vijay Mallya who has fled India after duping the banks by not repaying the loans has been arrested by the Scotland police. He will be produced before a majistrate shortly. He is expected to be extradited to India. Mallya is wanted in several economic offences cases, including defaulting on loans worth crores of rupees.

“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.

The flamboyant entrepreneur has left India a year ago amid attempts by a group of banks to recover around Rs. 9,000 crores in loans to his collapsed Kingfisher Airlines.

Mr Mallya has been charged with cheating and conspiracy by the CBI that has filed a 1,000-page chargesheet against him for defaulting on a 900-crore loan taken from the IDBI bank in 2009. The CBI probe found that 250 crore of this - given to buy aircraft parts - was diverted abroad.

The development is a great achievement to the Modi government as the opposition parties had alleged that the government was blind when he fled teh country. The arrest of Mallya will increase the credibility of the Modi government.

By Premji

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