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 a...