Liquor baron Vijay Mallya, who is a loan defaulter in India for INR 9,000 Cr, has been arrested under the Prevention of Money Laundering Act in the United Kingdom on Tuesday and was bailed out in no time, yet again.
On 18 April 2017, Mallya was arrested by the UK Metropolitan Police extradition unit 'on behalf of the Indian authorities in relation to accusations of fraud', and he was then released on bail pending further consideration of the case.
Vijay Mallya fled to the UK in March 2016 after being wanted by the Indian government for mismanagement of economics.
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