BREAKING: Now Liquor Baron “Vijay Mallya” Arrested Second time For this Big Reason..

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Liquor baron Vijay Mallya was arrested in London for the second time this year, in a case of “Money laundering” More charges are expected to be added at Westminster Magistrates’ Court on Tuesday.

Mallya was in his residence when arrested. Westminster Court is expected to meet in the next few minutes and decide if he will be granted bail. According to reports, Mallya’s bail order is in place. However, no official word is out yet. We have a watertight case. Will take up Mallya’s extradition with CBI.” In April 2017, the 61-year-old liquor baron was arrested in London by Scotland Yard on India’s request for his extradition on fraud charges.

Mallya, whose now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016. In January, an Indian court ordered a consortium of lenders to start the process of recovering the loans.

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.

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.

Last month, the fugitive submitted his response to India’s request in a large box which had four reports. The extradition case will be taken up in December. Mr Mallya is in Britain on an “indefinite leave to remain” visa or on permanent residence after India cancelled his passport.

The businessman faces at least half a dozen arrest warrants back in India. Known for his lavish lifestyle, Vijay Mallya has repeatedly defied summons by courts and investigators in India but has been a regular at public events in Britain, especially to root for the Formula One team that he owns.

Vijay Mallya made Kingfisher beer a global brand and ran an airline of the same name.
He has used Twitter to dismiss the charges against him and target the media and politicians. Cases against him are being investigated by the Central Bureau of Investigation and the Enforcement Directorate, which handles financial crimes.

Mr Mallya was earlier this year sacked from the board of United Breweries, the firm which was at the core of his business empire. He made Kingfisher beer a global brand and ran an airline of the same name. In January, the Debt Recovery Tribunal ordered the banks to start the process of recovering the loans he owns by seizing his properties.

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