Mallya gets bail, but targets media for ‘hype’ over his arrest

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Liquor baron Vijay Mallya was released on bail by a London court soon after his arrest by Scotland Yard Police’s extradition wing.

Mallya, wanted by Indian authorities in connection with alleged money laundering charges and defaulting on Rs. 9,000 crore bank loans, took to Twitter to take a dig at India media’s hype over his arrest.

He tweeted, “Usual Indian media hype. Extradition hearing in Court started today as expected.” Scotland Yard had earlier confirmed his arrest.

In a statement released to media, cops had said that Mallya “was arrested on behalf of the Indian authorities in relation to accusations of fraud.”

The arrest comes weeks after Indian Finance Minister Arun Jaitley had indicated that Mallya’s extradition would feature in his talks during his visit to the UK.

Meanwhile, Prime Minister Narendra Modi once again reiterated that those who have “looted the poor and the middle classes will have to return what they have looted.”

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His comments came just hours after the news of Mallya’s arrest came in.

“Indeed. There is no place for corruption in India. Those who looted the poor & middle classes will have to return what they have looted,” he tweeted.

He was responding to a tweet by a follower who wrote that “…corruption not only robs us of hard earned money but also of our dignity.”

Mallya, who has been declared a proclaimed offender, was arrested in London by Scotland Yard on India’s request for his extradition in a loan default case.

Senior Indian officials described his arrest as the first salvo in the case, which will now involve a legal process in the UK to determine if Mallya can be extradited to India to face charges in Indian courts.

In response to another tweet, Modi wrote, “India s farmers are the nation s pride. Their hardwork feeds millions.

We are doing everything possible for their welfare.”

India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8.

While handing over the request, India had asserted that it has a “legitimate” case against Mallya and maintained that if an extradition request is honoured, it would show British “sensitivity towards our concerns”.

Last month, setting in motion the process of extradition of Mallya, the British government had certified India’s request and sent it to a district judge for further action.

The extradition process from the UK involves a number of steps including a decision by the judge whether to issue a warrant of arrest.

In case of a warrant, the person is arrested and brought before the court for preliminary hearing followed by an extradition hearing before a final decision is taken by the secretary of state.

The wanted person has a right to appeal to the higher courts against any decision all the way up to the supreme court.

Earlier in January this year, a CBI court had issued a non-bailable warrant against Mallya in the Rs 720-crore IDBI Bank loan default case.

Mallya is the owner of a Formula One team.

(With PTI inputs)

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