World

Loan defaulter Vijay Mallya arrested in London, gets bail from court

Vijay

London: Absconding Indian businessman and load defaulter Vijay Mallya was on Tuesday arrested by the Scotland Yard (police) following India’s request of his extradition on the fraud charges.

British authorities have apprised the Central Bureau of Investigation (CBI) of Mallya’s arrest. Subsequently, Mallya was granted bail by the Westminster Magistrates’ Court on a bond of 650,000 pounds. The next hearing of the case will be held on May 17.

It may be recalled that a formal request for Mallya’s extradition was given by India, as per its Extradition Treaty with United Kingdom, through a ‘note verbale’ on February 8 last.

The process of extradition in UK involves many steps. Firstly, it is decided by the judge whether to issue an arrest warrant. If a warrant is issued, the person needs to undergo legal proceedings before a final decision is taken by the State Secretary.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top