On Tuesday, liquor baron Vijay Mallya was arrested for the 2nd time this year in the UK, on the charges of money laundering. He is currently out on bail in another case in which he was arrested in April following India’s extradition request.
Mallya has been staying in London for over a year now, ever since he slipped out of India in March last year. He is accused of defaulting on loans worth 9,000 crores to a consortium of banks in India.
Following an Indian govt’s request to Britain to send him back to Indian to face trials, he was arrested in April. He however got out on bail in no time. The business tycoon has been staying in Britain on an “indefinite leave to remain” visa or on permanent residence.
The CBI and ED (Enforcement Directorate) are investigating the financial crimes against him. He has repeatedly refused to appear for trail in India.
Recent Random Post:
