Indian business tycoon Vijay Mallya arrested by Scotland Yard: Extradition hearing begins

NEW DELHI/ LONDON, Apr 18: Fugitive liquor baron Vijay Mallya was arrested in London by the Scotland Yard today.
He was taken to a a Westminster Magisterial Court and later granted bail.
Facing charges of criminal conspiracy, cheating and loan default worth Rs 9000 crore, Mallya had fled to London on March 2 last year.
He had taken loans from a string of banks, including leading public sector lenders like the State Bank of India, Corporation Bank and IDBI, but failed to repay.
After his flight to London exactly a year ago, the National Democratic Alliance government had been pushing for his extradition.