Beleaguered businessman Vijay Mallya has been arrested by the Scotland Yard, which is being seen as the first step to his extradition in India.
To this, the ED, on October 4, had told the court that Mallya had no intention to return to India and his passport was revoked due to his own conduct.On July 9, the court had cancelled the exemption from personal appearance granted to Mallya and directed him to appear before it on September 9.
The exemption from personal appearance to Mallya was granted in December 2000 on ED’s complaint for evading summons issued by it.
The agency had issued summons to the businessman in connection with alleged payment of USD 200,000 to a British firm for displaying Kingfisher logo in Formula One World Championships in London and some European countries in 1996, 1997 and 1998.
It had claimed that the money was allegedly paid without prior approval from RBI in violation of FERA norms.