Beleaguered businessman
Vijay Mallya has been arrested by the Scotland Yard, which is being seen as the first step to his extradition in India.
Mallya is due to appear at a London court. Mallya is wanted in India for defaulting on loan worth around Rs 9,000 crore. He was declared a wilful defaulter, he left the country on March 3 and is said to be in the UK.
Mallya had submitted before an Indian court on September 9 that he wanted to come back to India but was "incapacitated" to travel despite "best intentions" as his passport had been revoked.
Extradition is often a complicated process, especially in this case since the UK has a complex legal system. First, the judge must be satisfied that the offence Mallya has been accused of committing in India would be considered a criminal offence in the UK too. It must also be determined that none of the statutory bars to extradition apply in this case.
News by ET.
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