Vijay Mallya plays down arrest, says usual Indian media hype

Vijay Mallya arrested over accusations of fraud Scotland India Tv

Vijay Mallya plays down arrest, says usual Indian media hype

A nonchalant Vijay Mallya took to Twitter today to poke fun at the "Indian media hype" over his arrest in London and said the extradition hearing was "as expected".

Last month, the Ministry of External Affairs (MEA) informed that extradition of the absconding liquor baron has been stratified by the Secretary of State of the U.K. Government and added that a warrant would soon be released against him. It certified India's request and sent it to a district judge for further action. He claimed that a bail for Mallya didn't amount to leniency towards him, as might be perceived.

If he now tries to leave the United Kingdom without prior permission of the courts, Mallya will be in bigger trouble as he will not only be an offender in the eyes of the Indian laws but also those of the UK.

In February the Indian government said it was considering new measures to seize the assets of "big time offenders" who fled overseas.

India's Enforcement Directorate, now investigating the liquor baron's debts totaling 94 billion rupees ($1.45 billion), asked a New Delhi court previous year to demand Mallya's presence during proceedings.

Earlier in January this year, a CBI court had issued a non-bailable warrant against Mallya in the ₹720-crore IDBI Bank loan default case.

Mallya was once known as the "King of Good Times" but dropped off India's most wealthy list in 2014, engulfed by the massive debts of his grounded carrier Kingfisher Airlines.

India's capital markets regulator has also barred Mallya from participating in the securities market for having allegedly diverted funds from whisky maker United Spirits.

His diplomatic passport was revoked in April previous year after he repeatedly failed to appear before investigators.

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