Beleaguered businessman, Vijay Mallya, arrested in Scotland

Once a leading businessman, now a loan defaulter, Vijay Mallya was arrested in Scotland by the Scotland Yard on Tuesday- April 18, 2017. He is to be presented before the Westminster Magistrates’ Court later during the day.Earlier this year, in February, the Indian government had made a formal request for the industrialist’s extradition to the UK High Commission. The request said that it had a case against him on charged of financial irregularities and loan default.

Earlier this year, in February, the Indian government had made a formal request for the industrialist’s extradition to the UK High Commission. The request said that it had a case against him on charged of financial irregularities and loan default.Extradition is a complex process, especially in Mallya’s case since the UK has a complicated legal system. The judge must be satisfied that the

Extradition is a complex process, especially in Mallya’s case since the UK has a complicated legal system. The judge must be satisfied that the offense committed by him in India would be considered a criminal offense in the UK too. It should also be clear that none of the statutory bars to extradition apply in this case.

Mallya had flown to the UK in March 2016 after being pursued in courts by banks. He owed approx. Rs. 9000 Crores for his Kingfisher Airline. Despite multiple calls, he failed to present before the investigators at the Enforcement Directorate. He has to be investigated under the Prevention of Money Laundering Act (PMLA).

In April 2016, a non-bailable warrant was issued against Mallya by a special court for Prevent of Money Laundering Act cases. In January 2017, a CBI court had also issued a non-bailable warrant against him due to an IDBI loan default case.

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