Vijay Mallya arrested in London in money laundering case

04 October, 2017, 00:33 | Author: Franklin Nunez
  • Vijay Mallya

Absconding liquor baron and accused of defaulting on loans worth crores Vijay Mallya was arrested today for the second time in the United Kingdom this year, this time in a case of money laundering. Sources said Tuesday's arrest was procedural and nothing should be read into Mallya getting bail. The judge will then make a decision based on whether there is a prima facie case against Mallya and whether the alleged crimes would be offences in Britain as well as India.

A quirk in British law means Mallya had to return to court so the case could be formally reopened, and he declined to consent to being extradited to India to face the charges.

Mallya, who owes over Rs 9,000 crore to various Indian banks, has been living in self-imposed exile in Britain since March 2016. On April 18, Mallya who is known for his lavish lifestyle was arrested by the Scotland Yard on an extradition warrant but was released on conditional bail on a bond of 6,50,000 pounds.

Tillerson says U.S. now in direct contact with North Korea
Kim responded by saying he would "surely and definitely tame the mentally deranged United States dotard with fire". Great expectations: US Secretary of State Rex Tillerson and China's President Xi Jinping meet the press.

Mallya's team will now respond to the additional evidence by the end of October with further responses on both sides scheduled for early November in time for a pre-trial hearing on November 20.

Vijay Mallya with Kingfisher Calender 2014 girls.

Until December 2011, Kingfisher Airlines had the second largest share in India's domestic air travel market.

Arsène Wenger: 'Our last global break was a nightmare'
They defended with a lot of players. "After Liverpool we talked because we can't play as we did". I knew that it just depended on us, and how much we responded. "We have top players up front".

2016: SBI led consortium moved debt recovery tribunal (DRT) to attach Vijay Mallya's passport.

Journalist and author Kinshuk Nag has documented how Mallya fled in his book Kingfizzer: The Rise and Fall of Vijay Mallya. A victory or otherwise against the battle on Mallya will send a strong signal to India's bank loan defaulters. The UK investigators also suspect that he was also involved in laundering money to Switzerland and other countries.

Spain's FM calls Catalan referendum a mockery of democracy
September 6, 2017 - Catalan parliament approves referendum legislation - despite opposition from Spain's government. The referendum for Catalan independence is set to take place on Sunday, Oct. 1.

Recommended:

  • Google ends First Click Free policy on paywall content

    Google ends First Click Free policy on paywall content

    Paid news sites have long chafed at Google's decade-long requirement that they offer free access to at least three stories daily. Gingras said Google expected to begin rolling out its suite of subscription support services in the first half of next year.
    Rams' defense hangs on for huge road win over Dallas Cowboys

    Rams' defense hangs on for huge road win over Dallas Cowboys

    The pass rush actually generated some pressure against the Cowboys' offensive line, but it was largely unable to finish the play. This will be Goff's first experience playing at AT&T Cowboys Stadium, known as Jerry's World, on Sunday.
    NFL Week Four Match Up: Eagles at Chargers

    NFL Week Four Match Up: Eagles at Chargers

    The Birds have had their defense decimated by injuries , and their secondary will be their most vulnerable position on Sunday. Eagles defensive coordinator Jim Schwartz said Manning released the ball in less than 2 seconds on 34 out of 52 pass plays.
  • Pakistan Corruption Court Postpones Indictment Of Ex-PM Sharif

    Pakistan Corruption Court Postpones Indictment Of Ex-PM Sharif

    Sharif and his children Hussain, Hassan and Maryam; and son-in-law Mohammad Safdar - are now expected to appear on October 9. Dawn reported: "The former PM had arrived around 8:30 am at the court amid tight Rangers deployment".
    Five injured, suspect arrested as Canada police probe 'act of terrorism'

    Five injured, suspect arrested as Canada police probe 'act of terrorism'

    Knecht addressed those concerns at his news conference, saying the seriousness of the crime dictated why the chase continued. Actually, the police had stopped this van for security checks, after which the van driver took him towards the city.
    Terrorists just tried to assassinate Defense Secretary Jim Mattis in Afghanistan

    Terrorists just tried to assassinate Defense Secretary Jim Mattis in Afghanistan

    While the allied strategy includes working more with nations in south Asia, plans remain in their formative stages, Mattis said. An investigation into both the attack and the malfunctioning ammunition has started, according to the statement.
  • Instagram's New Features Allows You To Poll Your Friends

    Instagram's New Features Allows You To Poll Your Friends

    Instagram has brought in a feature for its Stories which will most likely be widely used within a week of its implementation. The temporal nature of Instagram Stories (they're only viewable for 24 hours) makes pairing them with polls a smart idea.
    Alvaro Morata could miss two months with hamstring injury

    Alvaro Morata could miss two months with hamstring injury

    Diego Costa was overlooked to replace Motata with the new Atletico Madrid striker having not played this season. Chelsea will now monitor Morata's recovery and hope that he is fit to face Crystal Palace on October 14.
    Klopp among contenders as Ancelotti quits Bayern Munich

    Klopp among contenders as Ancelotti quits Bayern Munich

    I will say nothing about it. "I think what we saw this evening [Wednesday] was not Bayern Munich". Then there is nothing to misunderstand or to interpret wrong.
  • Dave Strader, ex-Wings broadcaster, dies at 62

    Dave Strader, ex-Wings broadcaster, dies at 62

    Tapper said the team will be wearing a pin-type logo on their uniforms for the early part of the season to honor Strader. Longtime NHL broadcaster Dave Strader passed away at the age of 62 on Sunday, following a battle with cancer.

    Newcastle boss Rafa Benitez open to future return as Liverpool manager

    A Benitez team has yet to lose to Liverpool , and Sunday's visit to Newcastle will be his former club's fifth attempt. Rafa Benitez has refused to to rule out a possible return to the Liverpool dug out one day.
    Manchester City announce Mendy's injury by cutting in the crucifixion

    Manchester City announce Mendy's injury by cutting in the crucifixion

    He then travelled to Barcelona to see a specialist earlier this week, and it was confirmed that he would be on the injured list for much of the 2017-2018 season.


Popular

How Facebook and Google spread false information about Las Vegas shooter
A Twitter spokeswoman said: "We are reviewing and removing content that violates our rules - both proactively and through reports".

Tesla Misses Model 3 Production Goal Over 'Bottleneck'
Yet the bad news overshadows all this. "We believe Q3 will be the most challenging part of the Model 3 production ramp", he wrote. The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast.

BJP chief Amit Shah launches 'padyatra' against CPI(M) 'violence' in Kerala
The padyatra, aimed to expose the "violence perpetrated against BJP-RSS workers" in the state, was launched by Shah today. We condemn the stone-pelting by Communists and anti-social elements on the bus carrying our party representatives.

Amethi Visit: After Cong Flak, Admin Says 'Yes' To Rahul's Tour
This is the first visit to Amethi by Rahul Gandhi since February 19 when he had addressed an election rally in his constituency. The letter was signed by District Magistrate Yogesh Kumar and Superintendent of Police Poonam.

Rohingya Muslims could go back to Burma, says minister
Four Hindu organizations have sought permission to take care of orphaned children and elderly victims of the violence in Maungdaw. It is 287 km away from the deep sea port India is building up at Sittwe, which is also the capital of Rakhine.

Facebook Sharing Russian-Bought Ads With Congress
He said his company found and shut down thousands of fake accounts that attempted to influence elections around the world . Tech companies need to change the way they operate, and Congress need to enact laws to make sure those changes happen.

Airport, hotel, circuit - Raikkonen sees no reason to miss Malaysian GP
Mercedes got both drivers back out after their trips into the gravel, but Bottas could only manage fifth, 1.459s adrift of Vettel. The Australian sensed an opportunity on Sunday. "Next thing I knew I was spinning and heading for the wall", he said.

Russell Westbrook extension 'absolutely' factors into future — Paul George
The deal will keep the 28-year-old point guard in Oklahoma City through to the 2022/23 season, after which he will be 34. If Westbrook and Anthony are committed to staying, coupled with a successful season, George's decision becomes tougher.

Kohli Plays The Blame Game After Losing The 4th ODI Against Australia
This is not to say that they played badly, they still managed to cross 300, but the victory was agonisingly close for them. Got a pretty good opening partnership, but we needed one big partnership, chasing 330, which we didn't get.

Conor McGregor to decide on return after interim title fight
Undefeated lightweights Khabib Nurmagomedov and Justin Gaethje were also among potential opponents mentioned by McGregor. McGregor was stopped in the 10th round by Mayweather but certainly didn't disgrace himself.