Liquor Baron Vijay Mallya arrested in London
NEW DELHI: Liquor baron Vijay Mallya who had left for London on March 2 last year has been arrested there by the Scotland Yard.
Mr. Mallya had launched with great fanfare Kingfisher airlines which could not survive has been accused of defaulting in paying back his bank loans worth Rs. 9000 crores.
The NDA government, headed by Prime Minister Narendra Modi, has been making efforts to get Mr. Mallya extradited from London to join the probe by investigating agencies here and face charges of wrongdoing, financial bungling and defaulting on loan repayment to banks, including leading public sector bank State Bank of India. Recently, his villa in picturesque coastal State of Goa was auctioned for Rs. 73 crores.
Known for his extravagant and flamboyant life style, Mr, Mallya is also a former independent Rajya Sabha member and his family owned the liquor giant UB group, headquartered in Bengaluru. His group also supports a number of sporting activities and beauty pageants.
There was no immediate word from official circles on his arrest but agency reports from London indicated that after his arrest Mr. Mallya has been taken to a court there. Since extradition is a long drawn judicial process, it is often seen that such requests fail to fructify and the proceedings take a long time in competent court.