London: Absconding Indian businessman Vijay Mallya was arrested in London in a money laundering case. According to media reports from London, he got bail within a few hours of his second time arrest. On the extradition request of Indian Government, British authorities had arrested the liquor baron in April this year too and currently, he was on bail.
Mallya had slipped out the country a year back after failing to return the huge banks loans of more than Rs 9,000 crore and since then, has been staying in London. He is facing at least half a dozen arrest warrants in India. India had made an extradition request in February to Britain to send back the businessman to face trial. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), which handles financial crimes, are investigating the cases against him. (UNI)