New Delhi: Within minutes of the media reporting his arrest today, Vijay Mallya, former billionaire, said on Twitter that the news is distorted.
But Scotland Yard said in a statement today that Mr Mallya "was arrested on behalf of the Indian authorities in relation to accusations of fraud."
Sources say that Mr Mallya is trying to present his appearance at a police station, as requested by officials, as proof that he was not caught dramatically or while trying to evade authorities. He was given bail in a court hearing that lasted about ten minutes, according to his lawyers.
India asked the UK to extradite Mr Mallya in February after he ignored court orders to return home and face trial for over 9,000 crores that are owed by his collapsed Kingfisher Airlines to banks.
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