Indian tycoon arrested in UK on fraud charges

New Delhi • British police on Tuesday arrested Indian business tycoon Vijay Mallya in London on behalf of authorities in India, where he is wanted on charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline. Mallya was arrested after showing up in a police station early Tuesday, said a statement from the Metropolitan Police in London. At a preliminary hearing, Mallya was granted conditional bail and released with the c...

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