Vijay Mallya granted bail in money laundering case in UK

Vijay Mallya granted immediate bail after arrest in London, UK.

Minutes after getting arrested in money laundering case in London, Vijay Mallya was granted instant bail. It’s the second time that the former liquor baron got out from the clutches of law, as he was earlier granted bail in the month of April this year.

Apparently, Mallya had been denying all the allegations by the investigation agencies. As per the agencies, Mallya diverted about Rs 6,000 crore borrowed from a consortium of lenders led by State Bank of India.

A charge sheet is yet to be filed against Mallya by the Enforcement Directorate and the Central Bureau of Investigation (CBI) for laundering the amount to shell companies based in half a dozen countries. Mallya, who resorted to the UK to evade his arrest in India back in 2016, claimed in January that the fund diversion allegations on him were a ‘joke’ and he was pinned on by “witch hunts coming from all directions with no legal basis whatsoever.”

Call it destiny or just the positive side of being wealthy. Yet again money did all the talking! Hopefully, the scheduled hearing for the extradition case in December is believed to make it tough for Mallya to find a loophole.

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