New Delhi: Fugitive Indian businessman Vijay Mallya was on Tuesday arrested in London in a money laundering case, CBI sources said.
Mallya, who was arrested based on an extradition request made by the Government of India, has been granted bail, ANI news agency tweeted.
Mallya is wanted in India for his Kingfisher Airlines defaulting on loans worth nearly Rs 9,000 crore. He fled to Britain in March last.
The flamboyant businessman, known for his lavish lifestyle, was arrested by the Scotland Yard on an extradition warrant on April 18. He was, however, released on conditional bail immediately after he provided a bail bond of 650,000 pounds.
The Indian government had given additional papers to Britain for extradition of the fugitive businessman after a British court had observed in June that Indian investigation agencies had delayed evidence against him.