undergroundnewsroom.com February 24, 2018

Liquor baron Vijay Mallya held in London, released on bail again

04 October 2017, 12:30 | Gordon Grant

Liquor baron Vijay Mallya arrested in London in money laundering case

Mallya New Charges

Mallya was re-arrested Tuesday and charged at Westminster Court in central London.

Mallya served various notices by different agencies and courts to appear in hearings but after skipping them continuously, the court eventually granted him the tag of absconder and issued arrest warrant against him. The charges are part of an investigation into defaults of loans worth around Rs9,000 crore by Mallya's defunct Kingfisher Airlines Ltd. India had made an extradition request in February to Britain to send back the businessman to face trial.

The hearing on December 4 is estimated to last eight days and the judge may make a decision on India's extradition request at the conclusion of the hearing, the Crown Prosecution Service said.

This came after a year-long wait where the Indian government wanted the United Kingdom to deport Mallya. The ED had sought the warrant against the liquor baron for crimes under Prevention of Money Laundering Act, 2002.

According to Reuters, the next hearing in the case will take place on 20 November with a full eight-day extradition hearing due to start on 4 December.

Police officer among five injured in 'terror' act in Canada
While being chased, the suspect tried to hit pedestrians as he passed by crosswalks and alleyways, Knetch said. Knecht said police did not call off the chase of the U-Haul due to the seriousness of the crime.

Instagram Stories gets updated with sticker polls
Along the bottom of the screen, to the left of the spectrum of colors you're used to seeing, you'll see a new eyedropper icon. The temporal nature of Instagram Stories (they're only viewable for 24 hours) makes pairing them with polls a smart idea.

Bayern sack Ancelotti after defeat at PSG
The 58-year-old was relieved of his duties after Bayern fell to a 3-0 defeat at the hands of PSG in the Champions League. Bayern Munich have confirmed that they have parted ways with manager Carlo Ancelotti after a poor start to the season.

The UK Police had earlier arrested the liquor baron on April 18, 2017 on separate charges of fraud but he was released on the bail.

Indian Formula One team owner has repeatedly defended himself on Twitter.

Officials said all the evidence regarding "falsities, misstatements and false representations" of Mallya, Kingfisher Airlines and its officials had been forwarded to the authorities in UK.

As of now, Mallya is charged only in the Rs 900 crore IDBI loan case.

However, the controversial business tycoon was immediately let out on bail - the second time he secured his release after an arrest in London ever since he fled India. The UK investigators also suspect that he was also involved in laundering money to Switzerland and other countries.

Other News

Trending Now

Mark Lawrenson offers damning verdict of Newcastle in prediction v Liverpool
When it comes to matches away from Anfield, the Reds won two, drew two, and lost two, scoring nine and allowing 14 goals. Striker Aleksandar Mitrovic will be back for the Magpies after serving his three-game suspension.

Russell Westbrook, Thunder agree to five-year extension
The timing of Westbrook's decision to sign the extension has also been a topic of interest across social media. Players as good as he is have the room to slip due to age while remaining incredibly valuable.

U.S. game show icon Monty Hall dead at 96
Moving to NY in 1955, he joined forces with writer-producer Stefan Hatos, and the two created the show that would make his name. The " Monty Hall Problem", which ends with a counter-intuitive solution, includes three doors, two goats, and a auto .

Saturday Night Live Calls Trump A 'Cheap Cracker' Over Puerto Rico Response
Trump (@ realDonaldTrump ) September 30, 2017 ...want everything to be done for them when it should be a community effort. He also said the stockpiles of fuel have increased to 600,000 barrels of diesel and 722,000 barrels of gasoline.

Jennifer Lopez to donate $1 million to hurricane relief in Puerto Rico
Dallas Mavericks owner Mark Cuban has given the team jet to JJ Barea , who will bring resources to his home country of Puerto Rico.

F1: Hamilton Wins 4th Malaysian GP Career Pole
Ferrari undertook a precautionary power unit change ahead of the crucial session following an issue which emerged in FP3. The Australian sensed an opportunity on Sunday. "I don't think it's the upgrade issue", Wolff told Sky F1 .

Tillerson 'wasting his time' negotiating with North Korea
Millions of young men and 1.22 million women said they wanted sign up to counter the USA since Friday, the Rodong Sinmun newspaper reported.

Manchester City defender Benjamin Mendy out until April with knee injury
He joked on his Twitter feed that he would be joining "Injury FC" on loan for a couple of months but hoped to return stronger. The club, itself, has not given downtime.

National Hockey League broadcaster Dave Strader dies at 62
Louis Blues, but the majority of his work took place with the first team that he worked for, the Adirondack Red Wings (AHL). The team is also working with the ECHL to get to wear stickers on the back of its helmets to honor him for the full season.

A capsule look at the Twins-Yankees playoff game
Ervin Santana (16-8) will be taking the mound for Minnesota with Luis Severino (14-6) pitching for NY . I think once Severy throws that first pitch and we get the game rolling, it will all be the same.