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Vijay Mallya arrested in London, set to be produced before court

ANI  |  London [United Kingdom] 

In a major development for the Indian Government, baron Vijay Mallya, who is facing money laundering charges, has been arrested by the Yard in

Mallya, who was finally caught after repeatedly refusing to appear before courts and investigators in since he secretly fled to last March, is set to be produced before the Westminster Magistrates' soon

This comes after a has issued an open-ended non-bailable warrant against Mallya in connection with the the 1995 FERA violation case.

Last month, the Ministry of External Affairs (MEA) informed that extradition of absconding baron Vijay Mallya has been stratified by Secretary of State of the U.K. and soon a warrant would be released against him.

"Somewhere in the month in the month of February, the home office of the U.K. conveyed that India's request for extradition of Mallya has been stratified by Secretary of State and sent to Westminster Magistrate for a district judge consider issue of releasing of warrant," MEA official spokesperson Gopal Bagley told the media.

In March, the Supreme fast-tracked the proceedings against Mallya and reserved its order on contempt proceedings against him for allegedly diverting $40 million to his children's accounts in foreign banks in violation of orders.

A bench of Justices A.K. Goel and U.U. Lalit reserved its order on whether or not Mallya was guilty of contempt and what action should be taken to bring back the money.

The concluded the proceedings after a three-and-a-half-hour hearing during which the Centre contended that Mallya was mocking the Indian system after fleeing the country. It said the was holding talks with U.K. authorities to get him deported.

The apex had started proceedings against Mallya a year ago and had issued notice to him on March 8, 2016 on a plea by a consortium of banks led by the (SBI) for recovery of about Rs. 9,000 crore which the businessman and his companies owed to them.

The baron, however, fled the country days before the apex took up the case against him.

Attorney general Mukul Rohatgi urged the to direct Mallya to bring back the $40 million which he had received from Diageo. He told the bench that Mallya had breached orders and his refusal to bring back the money had aggravated the breach and he should be directed to appear personally before the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 16:42 IST
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