Fugitive businessman News

Mallya has been living in London since fleeing to the UK He is accused of a Rs 9,000 crore fraud relating to the collapse of Kingfisher Airlines He was ordered to be extradited by the UK High Court after hearings lasting three years

Earlier in June, the SC had directed its registry to explain as to why Mallya's review petition had not been listed before the concerned court for the last three years It had directed the registry to furnish all the details including names of officials who had dealt with the file concerning the review petition in the last three years The SC's 2017 order had come on a plea that had said that Mallya allegedly transferred $40 mn received from British firm Diageo to his children in "flagrant violation" of various judicial orders

Fugitive businessman Nirav Modi, who has been on the run since February 2018, has reportedly been arrested in London today. Watch full video to know more.