• Thursday, May 26, 2022

Business

Mallya’s next court appearance on May 17

Loans: Vijay Mallya is fighting extradition from the UK to India

By: Rithika Siddhartha

INDIA’S finance minister Arun Jaitley has said the country’s investigative agencies were working to ensure the extradition of businessman Vijay Mallya, who was arrested in London on Tuesday (April 18) and later released on bail. Mallya, 61, has been declared a proclaimed offender by Indian courts. He was arrested by Scotland Yard in London on Tuesday following India’s request for his extradition on fraud charges. The tycoon was released on bail a few hours later on a bail bond worth £650,000. He will appear at Westminster Magistrates’ Court on May 17. Mallya fled India in March 2016 owing more than…

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