Mallya dubs his arrest and bail as ‘normal extradition proceedings'

India had earlier asked UK to extradite Mallya under the bilateral treaty.

With Vijay Mallya's arrest and subsequent bail in London making headlines in the India media, the liquor baron on Tuesday said that all the events unfolding are 'part of normal extradition proceedings.

He also lashed out at certain sections of the media of reporting over the issue without verifying facts.

In an earlier tweet, Mallya had said that reports of his arrest were 'usual Indian media hype'.

The Scotland Yard police on Tuesday said that Vijay Mallya was arrested on behest of Indian authorities for charges of fraud. The liquor baron who fled the country in 2016 was arrested and produced before a court.

Within hours of him being arrested, a London Court granted him bail and Mallya was on his way back home.

[Vijay Mallya arrested in London, CBI team to bring him back to India]

Mallya had left India on March 2 2016 for London a few days after a consortium of 17 banks had moved the Debt Recovery Tribunal to recover dues of Rs 9,018 crore which was loaned to the now defunct Kingfisher airlines.

India had also through the CBI alerted the Interpol and said that it had followed all legal procedures to seek a red corner notice against him. Mallya had made an offer to negotiate with the banks for a one time settlement before the Supreme Court.

The banks had however rejected the same The banks had shot down Mallya's offer of Rs 6,868 crore in April 2016 to settle the dues.

OneIndia News