Vijay Mallya released on bail shortly after arrest in London

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New Delhi: Absconding liquor baron and accused of defaulting on loans worth crores Vijay Mallya was arrested today for the second time in the UK this year, this time in a case of money laundering. According to reports, he has been released on bail few minutes after arrest.

The arrest was made on ED charge sheet.

Mallya is out on bail in another case in which he was arrested in April following India’s extradition request.

The tycoon, who has been staying in London for over a year now, is accused of defaulting on loans worth thousands of crores in India. He slipped out of India in the middle of attempts by a group of banks to recover more than Rs 9,000 crore loaned to him for his now collapsed Kingfisher Airlines.

India had made an extradition request in February to Britain to send back the businessman to face trial after he fled the country on March 2 last year.

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