Vijay Mallya arrest. (Express File Photo) Vijay Mallya arrest. (Express File Photo)

Industrialist and liquor baron Vijay Mallya, who has been declared a proclaimed offender, was Tuesday arrested on an extradition warrant in London by the Scotland Yard. The 61-year-old is wanted in several economic offences cases, including defaulting on loans worth crores of rupees. He is expected to be produced before the magistrate court in Westminster, according to TV reports.

Vijay Mallya arrest highlights:

5: 40 pm: Vijay Mallya will be brought back to India, due process of law will be followed: Santosh Gangwar, MoS Finance was quoted as saying by ANI.

5: 05 pm: After relentless campaign by Congress, finally extradition request was submitted by Govt in February, Randeep Surjewala was quoted as saying by ANI.

4: 57 pm:

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

4: 50 pm: #Breaking | Vijay Mallya has been granted bail by London court, according to reports, as court proceedings will continue.

4:34 pm: Reflecting on Mallya’s arrest, Union Minister Jitendra Singh described it as a big success of the government and the finance ministry, ANI reported.

4: 30 pm: According to senior Indian officials, the case will now involve a legal process in the UK to ascertain whether he can be extradited to India to face charges here, PTI reported.

4: 28 pm: As per the Extradition Treaty between India and the UK on February 8, India had given a formal extradition request for Mallya.

4:20 pm: Here is the official statement from Scotland Yard on Mallya’s arrest: “Officers from the Metropolitan Police’s Extradition Unit have this morning, Tuesday 18 April arrested a man on an extradition warrant. Vijay Mallya, 61 (18/12/1955), was arrested on behalf of the Indian authorities in relation to accusations of fraud. He was arrested after attending a central London police station, and will appear at Westminster Magistrates’ Court later today, 18 April.”

4:12 pm: Following the arrest of Mallya in London, the Ministry of Home Affairs has directed CBI/ED to apply for his extradition in IDBI bank loan fraud case, Rahul Tripathi reports.

4: 10 pm: According to Reuters, London Metropolitan police said the 61-year-old industrialist was arrested on behalf of Indian authorities in relation to accusations of fraud.

4:00 pm: According to PTI, Mallya will be presented before Westminster Magistrates’ Court in London later in the day.

Background

Earlier, the Indian government had requested the Theresa May-led government to extradite the embattled tycoon. The request came when Finance Minister Arun Jaitley met the UK Chancellor and others. Mallya had fled the country on March 2 last year and sought refuge in the United Kingdom, after a lookout notice was issued against him. His now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks. Earlier this year, a CBI court had issued a non-bailable warrant against him in the Rs 720-crore IDBI Bank loan default case.

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