Liquor baron Vijay Mallya was arrested for the second time in the UK this year, in a case of money laundering, sources said today. Mr Mallya is out on bail in another case in which he was arrested in April following India’s extradition request. The tycoon, who has been staying in London for over a year now, is accused of defaulting on loans worth thousands of crores in India. He slipped out of India on March 2 last year, in the middle of attempts by a group of banks to recover more than Rs. 9,000 crore loaned to him for his now-collapsed Kingfisher Airlines.
India had made an extradition request in February to Britain to send back the businessman to face trial.