BREAKING NEWS : Liquor baron​ Vijay Mallya Is arrested in London

Liquor baron​ Vijay Mallya has been arrested in London, reported DD News on Tuesday.

Mallya fled to Britain in March 2016 after being pursued for recovery of Rs 8,191 crore owed to a consortium of 17 Indian banks by his now defunct Kingfisher Airlines. He was arrested and granted bail in London on April 18 by the Scotland Yard on an extradition warrant.

The Indian government had in February this year, handed over to British authorities a formal request for Mallya’s extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.

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