Vijay Mallya arrested in London in money laundering case: TV reports
ED had filed fresh affidavit under Prevention of Money Laundering Act
(PMLA)
LATEST
NEWS : Liquor baron Vijay
Mallya has been arrested for the second time inside the uk this 12
months in a money laundering case, in keeping with television reports. The
arrest turned into made on sparkling documents provided before the Justice of
the Peace court. but, he changed into later launched on bail.
Mallya turned into
arrested after clean affidavit via ED, which claimed that Mallya diverted
financial institution loan money to tax havens. ED had filed clean affidavit
under Prevention of cash Laundering Act (PMLA). In April this yr, London's
Scotland backyard, had formally arrested Mallya on an extradition warrant.
Mallya is needed in
India for his Kingfisher airlines defaulting on loans really worth nearly Rs
9,000 crore. He fled to Britain in March ultimate.
The fancy businessman,
regarded for his lavish life-style, changed into arrested by way of the
Scotland yard on an extradition warrant on April 18. He was, however, released
on conditional bail without delay after he supplied a bail bond of 650,000
pounds.
The Indian government had given extra papers to Britain for extradition
of the fugitive businessman after a British courtroom had discovered in June
that Indian investigation groups had not on time evidence against him.
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