Vijay Mallya confines in home, cannot leave UK: London court

New Delhi : Liquor baron Vijay Mallya after his brief arrest on Tuesday, a London court has granted a conditional bail. However, the Court in London has prohibited the tycoon from leaving or trying to leave the UK.

In fact, Mallya has reportedly been confined at his Hertfordshire property near London, and ordered to refrain from applying for international travel or possess any such documents. Scotland Yard will continue to hold his Indian passport which was revoked when he fled India.

The conditional bail has been granted after taking Rs 5.4-crore bond and under stiff terms, as is the case with most financial crimes. However, it is only applicable until May 17 when a senior district judge will initiate hearing on his extradition.

Mallya is accused of defaulting over Rs 9,000-crore worth of loans. The issue of extradition is said to have been discussed at length by Prime Minister Narendra Modi when UK counterpart Theresa May visited Delhi in November.

 

Apart from the CBI the Enforcement Directorate (ED) is also probing Mallya for an alleged money laundering case, where he is alleged to have diverted the loans he took for the now-bust Kingfisher Airlines.