Business Tycoon Arrested in the UK on Fraud Charges
Indian Busines tycoon and owner of Kingfisher Airlines, has finally got arrested by Scotland Yard on fraud charges.
It has been reported that the authorities in London have arrested Vijay Mallya on behalf of Indian authorities.
The news report explains that he took billions of dollar loan from banks for his airline company, Kingfisher Airlines, which he later failed to repay and ran away from the country.
As of now, the London police who have arrested Mallya say that he (Mallya) wasn’t cooperating with investigators and hence got arrested.
On Tuesday, he will appear in court.