Vijay Mallya faces arrest in London on money laundering charges
Vijay Mallya was arrested in April and granted bail by a London court during a preliminary hearing of his case.india Updated: Oct 03, 2017 18:38 IST
Controversial Indian businessman is set to be arrested at 2pm UK time on Tuesday on charges of alleged money laundering brought by the Enforcement Directorate (ED), official sources told Hindustan Times.
The sources said the new charges are an extension of earlier charges against the embattled 61-year-old liquor baron. He is currently out on bail in connection with an extradition warrant executed by the Metropolitan Police earlier this year.
A Crown Prosecution Service official told Hindustan Times that Mallya is “appearing in Westminster Magistrates’ Court shortly in relation to ongoing extradition proceedings”.
Mallya, who has been freed on bail until December, will likely continue on the same bail after appearing in court after his arrest.
He is contesting the extradition proceedings brought by India so that he can brought back to face charges of alleged financial wrongdoing.
The case is being probed by the ED and the central agency has already filed a charge-sheet against Mallya and others in a Mumbai court. The CPS is arguing the case against Mallya on behalf of the Indian government.