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Tuesday, 03 October 2017 - 20:42
Indian billionaire Mallya arrested in London
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Absconding liquor baron Vijay Mallya, who is wanted in connection to a loan default case to the tune of Indian Rupees 90 billion, was arrested in London today.

The fugitive businessman has been arrested in a second money laundering case filed by the Enforcement Directorate, the UK's Crown Prosecution Service said.

However, he was granted bail shortly after being produced before the Westminster Magistrates' Court for a hearing.

Once known as the "King of Good Times", Mallya protested his innocence and described the allegations against him as "fabricated".

Chief Magistrate Emma Louise Arbuthnot, who has been hearing Mallya 's extradition case at Westminster Magistrates' Court, granted him bail on "the same bail conditions as before", which he must abide by.

The next hearing in the case will take place on 10th of November.

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