"Officers from the Metropolitan Police's Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant", the Metropolitan Police said in a statement. The Metropolitan police confirmed, "Vijay Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud". Senior Indian officials described his arrest as the first salvo in the case, which will now involve a legal process in the United Kingdom to determine if Mr Mallya can be extradited to India to face charges in Indian courts. "It was a voluntary action".
Soon after getting bail from the Westminster Magistrates" court, Mallya took a swing at the media accusing them of "hyping' the development.
It is hard to hazard a guess about the outcome of the battle because British courts have often employed tough standards to allow extradition requests: perhaps the reason why Mallya tried to play down the dramatic development and accused Indian media of hyping it up."Usual Indian media hype.Extradition hearing in court started today as expected", a defiant Mallya tweeted after he was released on a bail bond of Rs 5.4 crore. "It obviously gives us a lot of confidence in this case, but there is a long way to go before the actual extradition happens and he (Mallya) faces the courts here".
Minister of State for Finance Santosh Gangwar said the government would do everything in its power to bring Mallya to justice.
Facing charges of criminal conspiracy, cheating and loan default worth Rs 9000 crore, Mallya had fled to London on March 2 a year ago.
Arkansas to appeal state court's execution stays
If court proceedings are pushed into May, Arkansas will not be able to carry out the executions with the drugs it has on hand. But Baker's decision isn't the only legal roadblock that the state faces as it looks to execute its first inmate since 2005.
The Indian government has since revoked his Indian passport but he has repeatedly dismissed all charges against him.
A court in January ordered a consortium of banks to start the process of recovering loans from the tycoon. Surjewala said the government's sincerity of goal would be proved only when Mallya and Modi are brought back to India. Mallya fled the country on March 2 a year ago after he was booked for financial misappropriation and defaulting loan from banks to the tune of Rs 9000. He is the owner of a Formula One team.
State Bank of India on several occasions tried to auction off Mallya's properties including his private jet, property in Vile Parle and Goa and cars among others.
If the judge is satisfied that all of the procedural requirements are met, and that none of the statutory bars to extradition apply, the case is sent to the home secretary, who takes the final call. "Extradition hearing in court started today as expected", he posted on his Twitter account yesterday.
It can also be prohibited if there are no so-called speciality arrangements with the requesting country-"speciality" requires that the person must be dealt with in the requesting state only for the offences for which they have been extradited (except in certain limited circumstances).