United Kingdom court releases Indian tycoon on bail after brief arrest

Remigio Civitarese
Aprile 20, 2017

Liquor baron Vijay Mallya got bail from the Westminster Magistrates' Court in central London on Tuesday within hours after his arrest by the Extradition Unit of Scotland Yard.

Last April his diplomatic passport was revoked when a warrant for his arrest was issued. "After the warrant is issued, depending on the nature of the case, the court decides whether to give him bail or not".

Mallya's extradition case has been adjourned as the next hearing is expected to take place on May 17.

Mallya, 61, secretly fled India in March a year ago, owing more than US$1 billion (S$1.4 billion) after defaulting on loan payments to state-owned banks and allegedly misusing the funds.

Indian investigators said previous year Mr Mallya had not been co-operating and had ignored their summons to give evidence three times. But for the government to telling people here that we have done something very big is premature.

A brief statement on Mr Mallya's Twitter account said: "Usual Indian media hype". A number of steps need to be crossed for the final extradition from the UK.

The news of Mallya's arrest and his appearance in court was the second most tweeted story in London after the snap election called by Prime Minister May for June 8.

India has lodged a formal request that Mallya is extradited to his native country; this is likely to happen through an existing extradition treaty between Britain and India.

Last month, the Ministry of External Affairs (MEA) informed that extradition of the absconding liquor baron has been stratified by the Secretary of State of the U.K. Government and added that a warrant would soon be released against him.

And interestingly Mallya use to takes a salary of Rs 33.46 crore from now defunct Kingfisher Airlines.

Mallya entered the United Kingdom on a valid passport in March 2016, and appeared at Westminster Magistrates' Court today (Tuesday 18 April). The court concluded the proceedings after a three-and-a-half-hour hearing during which the Centre contended that Mallya was mocking the Indian system after fleeing the country.

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