Vijay mallya of defunct kingfisher airlines arrested in london granted bail

You're referring to the news about Vijay Mallya, the former chairman of Kingfisher Airlines, who was arrested in London and later granted bail.

Here's a brief summary of the events:

• On April 18, 2017, Vijay Mallya was arrested by Scotland Yard at a luxury hotel in London on an extradition warrant issued by India.
• Mallya was wanted in India for allegedly defaulting on a loan of over ₹9,000 crores (approximately $1.3 billion) to a consortium of 17 banks, including the State Bank of India, Bank of Baroda, and Punjab National Bank.
• After his arrest, Mallya was taken to a central London police station, where he was questioned by the authorities.
• On April 20, 2017, Mallya was granted bail by a British court, with a bond of £650,000 (approximately ₹6.5 crores or $950,000) and a guarantee of two properties worth £1.2 million (approximately ₹12 crores or $1.8 million).
• Mallya's lawyers argued that he was not a flight risk and that he had been living in the UK since 2016, with a valid visa.
• The Indian government had been seeking Mallya's extradition to face trial in India for alleged fraud and money laundering related to the loan default.

It's worth noting that Mallya's arrest and extradition are part of a larger effort by the Indian government to recover the loan amount and bring to justice those responsible for the financial irregularities at Kingfisher Airlines.