Vijay Mallya, the controversial business mogul who was arrested in London three hours ago, has reportedly been granted bail. Reports also said that he was to be taken and produced in the Westminster court. However, CNN News18 now reports that the bail has been approved and he’s out already! The story is trending on social media!
A fresh non-bailable warrant was issued against him on April 12 for FERA violation. According to the Foreign Exchange Regulation Act, Mallya was summoned multiple times and the warrant was issued for evading the same. According to Economic Times, Chief Metropolitan court had also observed on November 4 that Mallya had no intention to return to India.
Recently his famous Kingfisher Villa was sold to actor Sachiin Joshi for a whopping 73 crores. More information is awaited on Mallya’s arrest at the moment.