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Businessman Vijay Mallya arrested in London

Reuters  |  MUMBAI/NEW DELHI 

By Devidutta Tripathy and Douglas Busvine

MUMBAI/(Reuters) - Indian businessman Mallya, who has been pursued by authorities over unpaid loans tied to his now defunct Airlines, was arrested in on Tuesday, the Metropolitan Police said in a statement.

Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud and will be presented in Westminster Magistrates Court later on Tuesday, the statement added.

had asked Britain to extradite to face trial after the liquor and aviation tycoon fled there last March after banks sued to recover about $1.4 billion that Indian authorities say owes.

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

An India-based spokesman for Mallya's UB Group did not comment immediately.

Indian television channel CNN News18 reported that was arrested by Scotland Yard and a team of Indian law enforcement officials would visit to begin work on his extradition.

India's foreign ministry and its federal police, the Central Bureau of Investigation, were not immediately available for comment.

(Reporting by Douglas Busvine and Devidutta Tripathy; Editing by Euan Rocha and Clarence Fernandez)

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

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MUMBAI/NEW DELHI (Reuters) - Indian businessman Vijay Mallya, who has been pursued by authorities over unpaid loans tied to his now defunct Kingfisher Airlines, was arrested in London on Tuesday, the Metropolitan Police said in a statement.

By Devidutta Tripathy and Douglas Busvine

MUMBAI/(Reuters) - Indian businessman Mallya, who has been pursued by authorities over unpaid loans tied to his now defunct Airlines, was arrested in on Tuesday, the Metropolitan Police said in a statement.

Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud and will be presented in Westminster Magistrates Court later on Tuesday, the statement added.

had asked Britain to extradite to face trial after the liquor and aviation tycoon fled there last March after banks sued to recover about $1.4 billion that Indian authorities say owes.

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

An India-based spokesman for Mallya's UB Group did not comment immediately.

Indian television channel CNN News18 reported that was arrested by Scotland Yard and a team of Indian law enforcement officials would visit to begin work on his extradition.

India's foreign ministry and its federal police, the Central Bureau of Investigation, were not immediately available for comment.

(Reporting by Douglas Busvine and Devidutta Tripathy; Editing by Euan Rocha and Clarence Fernandez)

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

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Business Standard
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Businessman Vijay Mallya arrested in London

By Devidutta Tripathy and Douglas Busvine

MUMBAI/(Reuters) - Indian businessman Mallya, who has been pursued by authorities over unpaid loans tied to his now defunct Airlines, was arrested in on Tuesday, the Metropolitan Police said in a statement.

Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud and will be presented in Westminster Magistrates Court later on Tuesday, the statement added.

had asked Britain to extradite to face trial after the liquor and aviation tycoon fled there last March after banks sued to recover about $1.4 billion that Indian authorities say owes.

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

An India-based spokesman for Mallya's UB Group did not comment immediately.

Indian television channel CNN News18 reported that was arrested by Scotland Yard and a team of Indian law enforcement officials would visit to begin work on his extradition.

India's foreign ministry and its federal police, the Central Bureau of Investigation, were not immediately available for comment.

(Reporting by Douglas Busvine and Devidutta Tripathy; Editing by Euan Rocha and Clarence Fernandez)

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

image
Business Standard
177 22