Vijay Mallya arrested in London, gets bail

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New Delhi, April 18
Embattled businessman and loan defaulter Vijay Mallya was arrested on Tuesday by Scotland Yard on an extradition warrant by India. He will be produced before the Westminster Magistrates’ Court later in the day.
British authorities have informed the Central Bureau of Investigation (CBI) about the arrest. Vijay Mallya was later granted bail+ , according to news agency Reuters which cited media reports.
India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note  verbale on February 8.
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”.
Last month, setting in motion the process of extradition of Mallya, the British government had certified India’s request and sent it to a district judge for further action.
The extradition process from the UK involves a number of steps including a decision by the judge whether to issue a warrant of arrest. In case of a warrant, the person is arrested and brought before the court for preliminary hearing followed by an extradition hearing before a final decision is taken by the secretary of state.
The wanted person has a right to appeal to the higher courts against any decision all the way up to the supreme court.
Mallya went to Britain in March 2016 after being pursued in courts by banks seeking to recover about Rs 9,000 crore owed by his Kingfisher Airline. Despite multiple injunctions, he has failed to appear before investigators at the Enforcement Directorate in connection with a probe under the Prevention of Money Laundering Act (PMLA).
Earlier in January this year, a CBI court had issued a non-bailable warrant against Mallya in the Rs 720-crore IDBI Bank loan default case.

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