Latest


Vijay Mallya gets bail soon after arrest in money laundering case

  •   Tue, Oct 03 2017 05:35:00 PM

Updated

London/New Delhi, Oct 3 (Deccan Chronicle): Liquor baron Vijay Mallya, who is wanted in India for defaulting on loans worth Rs 9,000 crore, was arrested in London on Tuesday but was granted bail soon after.

Mallya has been granted bail by the London court.

Mallya was arrested for the second time in 2017 in the UK, in a case of money laundering.

Earlier in April, Mallya was arrested by the London police but was granted bail on the same day.

India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8.

Mallya went to Britain in March 2016 after being pursued in courts by banks seeking to recover about Rs 9,000 crore owed by his Kingfisher Airlines.

Mallya has repeatedly refused to appear before courts and investigators in India since he secretly fled to UK in 2016, after defaulting on loan payments to state-owned banks and allegedly misusing the funds.

 
  

Top Stories

'Galaxy Pride' offers budget-friendly flats in Bolar, ready to occupy by May first week

  •   21 hours ago   

Comment on this article

  • Vincent Rodrigues, Bengaluru/Katapadi

    Wed, Oct 04 2017

    He is tough and hard nut to crack

    DisAgree Agree [4] Reply Report Abuse

  • J.F.D SOUZA, Attavar, Mangalore

    Wed, Oct 04 2017

    He is not a cheater. Eventhough he agreed to pay a sum of Rs.6000 crores these bank people did not agree. Why they have rejected his offer? So Genjila Ijji genjik pad-dina Kailaa ijji. Ancha athnd paristhithi. So who is responsible for this? Make Bank people responsible. Why they waive loan amount of other parties who are sound enough to repay the loan. Why this step motherly treatment? So V.Mallya has got the capacity to do anything here afterwards and he will never come back to India. Thats sure.

    DisAgree Agree [18] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Oct 04 2017

    I don't think Sir. Vijay Mallya will ever come back to India ...

    DisAgree [2] Agree [12] Reply Report Abuse

  • SMR, Karkala

    Wed, Oct 04 2017

    In 2018, assembly polls will be held in Chhattisgarh, Karnataka, Madhya Pradesh, Meghalaya, Mizoram, Nagaland, Rajasthan and Tripura.

    One of the main poll promises for BJP in 2014 Lok Sabha elections is to bring back 'black money' and 'corrupt free' India.
    The willful defaulter Mallya left India is one of the biggest embarrassment for the party. BJP wanted to make this issue as its success in the coming assembly elections.
    This type of issues will divert the citizens attention from failed 'Demonetisation' and 'botched GST' and bankruptcy of nationalised banks.
    At the same time it will continue to give humanitarian assistance to Lalit Modi, shield its corrupt Chief Ministers and Bellary Reddy's happy with bail.
    Jai hind

    DisAgree [1] Agree [11] Reply Report Abuse

  • Augustine Daniel DSouza, Udupi / Mumbai / STATE OF KUWAIT.

    Tue, Oct 03 2017

    Good News this man chor Vijay Mallya should be put in Indian Jail.

    DisAgree [16] Agree Reply Report Abuse

  • Sudi, Mangalore

    Tue, Oct 03 2017

    faster than Usain bolt

    DisAgree [2] Agree [14] Reply Report Abuse

  • Comman, Man

    Tue, Oct 03 2017

    One of the greatest achivement of MOODI SARKAR..✌

    DisAgree [20] Agree [17] Reply Report Abuse

  • Langoolacharya., Belman /Wash DC.

    Tue, Oct 03 2017

    Mallyamam is like a good chess player...he is 3 steps ahead of Modiji and Jhootlyji.....he will put 3 namaa ( Panga Namaa) for Modiji for sure....

    Where is Jossey Sir???....
    ...JH...

    DisAgree [5] Agree [18] Reply Report Abuse

  • sri_elder, Karkala

    Tue, Oct 03 2017

    His extradition is possible only if bankers start saying their banks were robbed by him...

    DisAgree [9] Agree [8] Reply Report Abuse

  • Rajesh, dubai

    Tue, Oct 03 2017

    I worked about 40 years in Banking service..... Sanction of big loans only by higher authorities or influenced by big politicians. How Banker will tell that he robed the banks..... Loan was given by them after taking some commission or approved on the basis of some higher authorities.... Why can't Indian Government take action against these people???????

    DisAgree Agree [25] Reply Report Abuse

  • armando, urwa

    Tue, Oct 03 2017

    He didn't rob the bank, he asked ,he got, so whats wrong.
    You ask , the same bank will give you laaaat.

    DisAgree Agree [11] Reply Report Abuse

  • Shabeer Puttur, Abu Dhabi

    Tue, Oct 03 2017

    arrange Lawyers from Puttur, they are famous in Midnight Bail directly from Magistrates home,

    DisAgree [10] Agree [22] Reply Report Abuse

  • shan, dubai

    Tue, Oct 03 2017

    This is just a politics to divert the Indians. Why Indian Government is keen in arresting who are in foreign????? I was watching Bofors case..... They are behind Qaturichi.... Do all think only he is culprit??? Why can't they arrest other Indians who are in India???? Sukh Ram the communication minister in Congress was in corruption case and was in foreign country..... All started big hangama... when he came to India what punishment he got???? He joined BJP. What about Abu saleem.... when he was in Portugal the Indian Government was daily giving some statements.... He was brought to India ..... He is in Jail..... Did they Hang him???? In Karnataka some minister was caught having money in Delhi and Karnataka house. He was having also having case of Forex case and some of BJP leaders son was with him.... Did they punish all the people?????

    DisAgree Agree [18] Reply Report Abuse

  • Evans Christopher Sumitra, Udupi/ New York, USA.

    Tue, Oct 03 2017

    It is not a surprise that Vijay Mallya got bail soon after his arrest in the money laundering case. Maybe his case is not that strong for the London court.

    DisAgree [1] Agree [18] Reply Report Abuse

  • chris, MUMBAI

    Tue, Oct 03 2017

    So what his the big deal to get bail as he have not robbed or killed anyone ,It is the bank who gave him the money through proper channel and govt of India let him flee the country,

    He is better then our politican who just give false promise an make wealth through false promise and corrupt means

    DisAgree [3] Agree [17] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Tue, Oct 03 2017

    All the dramas. Another in law of Bhakts got bail before jail.

    DisAgree [4] Agree [16] Reply Report Abuse

  • sri_elder, Karkala

    Tue, Oct 03 2017

    Money laundering is a very ordinary case in UK...

    DisAgree [3] Agree [11] Reply Report Abuse

  • Swamy, Mangalore

    Tue, Oct 03 2017

    The extradition is by a note verbale which doesn't carry much weight but enough for blind Bhakts to go crazy. Only if people vote for BJP and BJP wins then only Modi will bring back the fugitive Mallya and then every body will get 15 lakhs with arrears and all the black money will be brought back to India. That is the BJP Promise. The burning of PM is still pending as he vowed " Burn me if you don't see the economy improving after the implementation of Demonitisation within 50 days". GDP is the proof to do the needful to the PM.

    DisAgree [6] Agree [13] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Tue, Oct 03 2017

    Getting Bail is Liquor power in UK also it seems.

    DisAgree [2] Agree [8] Reply Report Abuse

  • Shetty, Mangalore

    Tue, Oct 03 2017

    Who sanctioned his 9000 cr loans when his ventures were booking losses year on year ??

    What were the great economists Raghuram Rajan, Chidu, Manmohan doing when SBI, PNB, IDBI cleared such loans? Definitely RBI would have been in the loop. Was there an invisible hand of the then defacto ruler madam ?..

    All Modi baiters, please come clean & explain what you were doing when so much financial hara-kiri was happening......

    DisAgree [12] Agree [11] Reply Report Abuse

  • Sampath, Mlore/Blore

    Wed, Oct 04 2017

    Who let him to fly outside India, When "Superstars"? like Modi and Jootley were ruling at the centre. or Was it Remote Control from Nagpur stopped them. If they are so much keen on recovering then since last 3 years what is that stopping the Govt from taking action against the Directors of the Bank for sanctioning the loan. Of all when he is ready to repay 6000 Crores the principal sum that had been taken. What is stopping the Govt/ Banks from accepting the "One Time Settlement" permissible in law.
    SBI could have collected that money instead of charging the poor people the fine for non maintaining of minimum balance.

    Just dont blindly blame the earlier govt's (your own leader Yashwanth Sinha said). But open your eyes and see it your Govt who is playing brain washing you.

    DisAgree Agree Reply Report Abuse

  • prem, mlre

    Tue, Oct 03 2017

    he will clear all debts when indians gets ACHHE DIN FROM OUR PM modi. sure

    DisAgree [2] Agree [18] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Oct 03 2017

    Don Ko Pakarna Mushqil Hi Nahi, Na Mumkin Hai ...

    DisAgree [4] Agree [15] Reply Report Abuse

  • MILAN, LUCERNE

    Tue, Oct 03 2017

    UK LAW IS GOOD, DEBT IS CIVIL MATTER AND U CANNOT GET ARRESTED FOR.

    IF INDIA HAS THIS LAW. MANY FARMERS WOULDNT HAVE SUCIDE

    DisAgree [4] Agree [10] Reply Report Abuse

  • John R Lobo, Kaikamba / Mangalore

    Tue, Oct 03 2017

    Don't blame Mallya . He has given open statement that he is ready to pay Rs.4500.00 Crores out of Rs.6000.00 Crores., which he has taken.

    Now golden question - Who has swallowed Rs.1500.00 crores...???
    Where & Which bank it was channeled.....????
    Why UPA Central Minister supported loss making Jet Airways instead of Profit making ( Break even) King Fisher...???? and made Mallyas life miserable ...??????
    Why UPA Central Govt not allowed King Fisher to import low priced Aviation Fuel ....?????
    Why UPA Central Govt shown its double standard to King Fisher......?????

    DisAgree [3] Agree [15] Reply Report Abuse

  • Jaimini P.B., Manipal,Sharjah

    Tue, Oct 03 2017

    Arrest and Bail....!! Are they scared of Vijay Mallya ? Yenchina Naatak marayre..

    DisAgree [11] Agree [4] Reply Report Abuse

  • Jeevan, Mangalore

    Tue, Oct 03 2017

    By 2022 he will clear all his debts

    DisAgree [15] Agree [13] Reply Report Abuse

  • Ravi, Kapu

    Tue, Oct 03 2017

    Why arrest him when he can get bail?

    DisAgree [2] Agree [9] Reply Report Abuse

  • Ponkra, Dubai

    Tue, Oct 03 2017

    Already got bail within one minute. Britishers are God father of Golmal..........

    DisAgree [6] Agree [30] Reply Report Abuse

  • santhu, Mumbai/Udupi

    Tue, Oct 03 2017

    Why to arrest? he is not cheater..give him some time..he will repay all his debt. and don't you have a option of attaching his all properties.

    DisAgree [16] Agree [28] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Oct 03 2017

    Show us the Proof ...

    DisAgree [9] Agree [28] Reply Report Abuse

  • ASHOK SHETTY, UDUPI

    Tue, Oct 03 2017

    Got the Bail also

    DisAgree [2] Agree [17] Reply Report Abuse


Leave a Comment

Title: Vijay Mallya gets bail soon after arrest in money laundering case



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like