New Delhi: Business tycoon Vijay Mallya was today arrested by the Scotland Yard and was then produced at a metropolitan court. Mallya is accused of defaulting on loans worth crores and has several warrants to his name as well.
Earlier, India had asked the UK to hand over Mr Mallya, who is facing charges of money laundering and faces a number of arrest warrants.
The showy entrepreneur left India last year amid attempts by a group of banks to recuperate the unpaid loans.
New Delhi had cancelled Mr Mallya’s passport and asked the UK government to deport him to India. But the foreign ministry was told that India’s deportation request was not covered under UK laws that allowed visitors to stay back even if their passport wasn’t valid any longer.