London: Businessman Vijay Mallya, who is the subject of an extradition request from India for alleged financial irregularities, was arrested by Scotland Yard in London on Tuesday morning.
The reason for the arrest of the 61-year-old former liquor and aviation tycoon is not known.
Mallya, who arrived here in March last year and had his Indian passport revoked, would appear before the Westminster magistrates court later in the day, the sources said.
The flamboyant businessman is wanted in India for defaulting o loan worth around Rs 9,000 crore related to Kingfisher Airlines that was grounded in 2012.
The UK had certified said India’s request for Mallya’s extradition, the government said a few weeks ago.
Recently, a consortium of banks led by the State Bank of India managed to sell his iconic Kingfisher villa in Goa after three failed attempts at auction.
The sea-front villa, which was Mallya’s party pad, was bought by actor-businessman Sachiin Joshi for Rs 73 crore. The villa was among the assets Mallya pledged to his lenders, who took possession of the property in May 2016.
The villa was legally owned by United Breweries Holdings, the parent of the Kingfisher Airline.