The extremely popular business personality Vijay Mallya finally arrested in London for failing to pay the loans that valued crores. The CBI sources have arrested the business tycoon today at 9.30 AM in the morning. As per the reports, CBI will soon produce Vijay Mallya in the Metropolitan Court today i.e., on 18th April 2017. A thousand page charge sheet filed on him for busting a loan of more than 900 crores from the IDBI Bank in the year 2009. Vijay Mallya, the owner of the deceased Kingfisher Airlines wandered to London from India in the month of March in 2016. He had to pay more than Rs 9, 081 crores in about 17 Indian Banks.
UK Police Arrested Vijay Mallya in London – Confirms CBI
The Big Businessman Vijay Mallya arrested today by Scotland Yard after India issuing an extradition warrant. Later, the Metropolitan Police Service will soon produce him before the Westminster Magistrates Court today. The Central Bureau of Investigation (CBI) got information regarding the arrest of Vijay Mallya from the British Authorities. According to the Extradition Treaty between Indian and the United States of Kingdom, India gave a formal extradition request to Mallya via a note earlier in the month of February.
The news of arresting Vijay Mallya is undoubtedly a crucial breakthrough for the Indian Law Enforcement Authorities. Vijay Mallya is the most wanted culprit in different economic criminal cases. The major case on this business tycoon is avoidance of paying the loans worth of crores to about 17 nationalized banks. As per the latest news, the Scotland Yard will soon produce him before the magistrate court located in Westminster.
Scotland Yard will Produce Mallya before Court Today
The Metropolitan Police Service has reportedly arrested the boss of Kingfisher Airlines after India asked Britain to deport him to India. Soon after arresting the man, the British Authorities have given information to the Central Bureau of Investigation over the arrest of Vijay Mallya. Previously, the Delhi Court has placed an end to issue bail to Mallya. It has issued a non-bailable warrant against Mallya for violation of the foreign exchange rules.
After issuing the non-bailable warrant, this extravagant entrepreneur then abandoned from India one year back. He had acquired loans from a group of banks and hadn’t uttered a word over recovering a huge lump of more than Rs 9000 crores. Soon after avoiding the payment of all the loans, the New Delhi Government had allegedly cancelled the passport of Vijay Mallya and also requested the government of United Kingdom to return him back to India.
Soon after avoiding the payment of all the loans, the New Delhi Government had allegedly cancelled the passport of Vijay Mallya and also requested the government of United Kingdom to return him back to India. As of now, the Central Bureau of Investigation is also investigating Mallya about the issue in a deep way. Vijay Mallya had bounteous properties like Kingfisher Airlines, Sea-front Villa, and a lot more. In the recent times, the organisations of banks allegedly directed by the State Bank of India sold out his popular Kingfisher Villa in the state of Goa. It had struggled a lot to sell it in an auction as it had failed to sell it in the first 3 attempts.