Vijay Mallya was arrested in London

Indian businessman Vijay Mallya was arrested in London on Tuesday.

He is wanted by the Indian authorities in a 9000 crore rupees loan fraud case. This is his second arrest in the UK this year in an ongoing money laundering case.

He was later released on providing a bail bond worth 650,000 pounds.

Mallya had fled to London in March last year when the Indian banks started taking action against him.

He is accused of defaulting on loans worth around ₹9,000 crore related to Kingfisher Airlines, tax evasion, and money laundering.

India has already requested the UK for his extradition so he can be brought to India.

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