Mallya arrested in London

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He was scheduled to appear in Westminster Magistrates Court Tuesday, according to a statement from Scotland Yard, posted on Twitter by Asian News International.

The Central Bureau of Investigation (CBI) and Indian High Commission in London had earlier submitted the Indian side of the arguments to the United Kingdom home secretary, Amber Rudd, for consideration of the extradition request. Through a tweet, he said "Usual Indian media hype. Extradition hearing in Court started today as expected", he said.

The Ministry of Home Affairs has already directed the CBI and ED to seek 61-year-old Mallya's extradition in the IDBI bank loan fraud case.

"Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extradition warrant". Reportedly, India had made it very clear to British High commission that they wanted Mallya if London wanted to continue good trading relations with India. He is due to appear in London court and this is being seen as the first step to his extradition to India.

Mallya's Kingfisher Airlines owes more than Rs 9,000 crore to various banks. Mallya was produced at Westminster Magistrates' Court where hearings in his extradition case began today. India revoked Mallya's passport last April, and the Indian Central Bureau of Investigation filed formal fraud charges against him this year.

Recently, after three unsuccessful attempts, banks have finally managed to sell the famous Kingfisher Villa owned by Vijay Mallya to actor-businessman Sachiin Joshi. As Mallya is fighting the extradition order, he will have the right to appeal and the case can go up to the UK Supreme Court.

The collapse of the airline, which was grounded in 2012, triggered the failing of several of his other businesses, which range from alcohol to the Formula 1 team Force India and an Indian Premier League cricket club.

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