Vijay Mallya arrested in London
Finally, it is an end game for the big man!
The liquor baron and former CEO of Kingfisher airlines Vijay Mallya, one of India’s most-wanted who is on the run for almost most than a year, has been arrested in Westminster, London by Scotland Yard police. Mallya, who’s hiding himself in London, was reportedly taken into custody at 9:30 AM London time.
This arrest of 61-year old businessman, who owes 9000 Crore to Indian banks, will bring him closer to extradition to India. Central sources and CBI officials also confirmed the move that Mallya was arrested in UK. The arrest was a result of relentless requests from Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to arrest the absconding man, who would be brought to Westminster’s magistrate court.
Technically, this development is a major victory for Prime Minister Narendra Modi and union government. Union Home Miinster Arun Jaitley, during his tour to London in February, raised the matter with British Pirme Minister Theresa May.
To recover the loans defaulted by Mallya, banks went on to auction his lavish bungalows and costly villas, but their efforts went in vein as the bidding received poor response from buyers.
According to senior advocate Ram Jethmalani, the 9000 Crore loan-defaulter can now approach high court with his team of lawyers in London to escape deportation to India.