Liquor baron Vijay Mallya was arrested in London by Scotland Yard (file photo: AFP)

Highlights Vijay Mallya arrested by Scotland Yard

He was produced in a metropolitan court in London, got bail

Business tycoon is accused of defaulting 9,000 crores in loans

Usual Indian media hype. Extradition hearing in Court started today as expected. - Vijay Mallya (@TheVijayMallya) April 18, 2017

Mr Mallya has been charged with cheating and conspiracy by the CBI that filed a 1,000-page chargesheet against him for defaulting on a 900 crore loan taken from the IDBI bank in 2009. The CBI probe found that 250 crore of this - given to buy aircraft parts - was diverted abroad.Amid multiple attempts to extradite him, Mr Mallya appeared to dare the authorities as he attended high profile events in the UK linked to his Formula One team Sahara Force India.