Vijay Mallya gets bail

London, October 03: 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 was immediately granted bail, under UK procedure. This was Mallya's second arrest in the UK since he fled India. Mallya was earlier arrested in April this year and was immediately released on bail then as well.



The 61-year-old chief of the now-defunct Kingfisher Airlines fled India last year in March and has been living in Britain since then.

The Indian government had in February this year, handed over to British authorities a formal request for Mallya's extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.