Embattled Indian tycoon Vijay Mallya, who has been declared a proclaimed offender, was today arrested in London by Scotland Yard on India's request for his extradition on fraud charges.
"We are now assessing the facts (as to) how we can bring him back into the country and start judicial proceedings against him", Gangwar told newspersons here. The cops came knocking on Mallya's door at his posh flat near Madame Tussauds in the upmarket Bayswater area of central London.
Vijay Mallya, the "King of Good Times" who owes banks over Rs 9,400 crore and fled the country fearing arrest, has now landed in bad times. The court set May 17 as the date for the next hearing. Legal process in this regard is underway in the UK.
"The court usually focuses on whether there is sufficient criminality to extradite someone", said Andrew Smith, a partner at London law firm Corker Binning. The judge must decide whether any of the statutory bars in the Act apply in the case, including health and human rights grounds.
Known for his flamboyance, the only reference Mallya made to his arrest was to blame the Indian media with an earlier tweet.
"One of the key points that will be raised by his legal team before the English court would be that charging Vijay Mallya as an individual for fraud and default in this case as unfair".
"But we should not be very joyful by this first step for the simple reason that the further procedure and the process of extradition is more complicated because whatever the evidences which we have collected against the criminal fugitive that will be accessed by the British Court on the basis of their law". They will claim that the loans were taken as part of a registered business operation which tanked. Why did they seek only extradition?
According to the figures released by the Ministry of External Affairs on March 22, India has only successfully extradited 62 persons since 2002.
"The country should not give room for people to escape in future, especially cheating the government".
Mallya, living in Britain since March past year, is accused by the CBI of cheating banks out of almost Rs 9,000 crore in India. In February, the issue was taken up by finance minister Arun Jaitley during his meeting with UK's chancellor of the exchequer Philip Hammond, where British Prime Minister Theresa May also dropped in.
"Responding to a query regarding Shri Vijay Mallya, the Official Spokesperson said that his arrest in London today was in connection with the request by the Government to United Kingdom authorities for his extradition".