The Ministry of External Affairs on Tuesday said the legal process to extradite beleaguered business tycoon Vijay Mallya is underway in the United Kingdom.
A brief statement on Mallya's Twitter account said: "Usual Indian media hype. Extradition hearing in Court started today as expected", he tweeted. He has been arrested on April 18 in London, produced in a metropolitan court and even granted a bail.
He was arrested at a central London police station on Tuesday and appeared at Westminster Magistrates' Court, where he was granted bail for £650,000.
Until his next hearing on May 17, Mallya must follow Britain's extradition rules, which include a requirement that he remain at the address provided to the court.
The liquor baron is said to owe banks £600 million (9,000 crore Indian rupees) but denies wrongdoing.
Although, Vijay Mallya has been arrested under Extradition warrants, but there is a long process to bring a law offender from another country to India.
The failure to arrest Vijay Mallya has been a hot topic of debate among netizens for the past several months. India's request to hand over Vijay Mallya has been certified by the British Government.
The wanted person has a right to appeal to the higher courts against any decision all the way up to the Supreme Court.
Mallya, who arrived in London in March past year and had his passport revoked later, is wanted in India for defaulting on loans worth around Rs 9,000 crore related to Kingfisher Airlines that was grounded in 2012.
Mallya, who has thrown lavish parties attended by fashion models and Bollywood stars - and was once hailed as India's Sir Richard Branson - co-owns the Sahara Force India Formula One team.
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