Vijay Mallya arrested in London, released on bail

Vijay Mallya

Former business tycoon Vijay Mallya was arrested in London in connection with money laundering case, but soon was released on bail.

This is the second time Mallya has been arrested in London. He was arrested in April this year, after India’s extradition request.

Mallya was accused of defaulting loans worth thousands of crores in India.

Currently he is staying in Britain on an “indefinite leave to remain” visa or on permanent residence, as the Government of India cancelled his passport.

Mallya has repeatedly defied summons by multiple courts in India, but has been appearing in public in the U.K.

editor@economylead.com