Indian business tycoon Vijay Mallya was arrested in London on Tuesday for his alleged role in supporting his F1 team with money-laundered cash.
Britain's crown prosecution service (CPS) said Mallya was re-arrested on Tuesday on behalf of Indian authorities.
“The new charge is essentially showing where the money went to, for example, it is alleged that some of the funds ended up with the Force India racing team,” said the CPS, reports The Guardian.
Mallya denied the charges and was released on bail after a brief appearance at Westminster magistrates’ court.
“I deny all allegations that have been made and I will continue to deny them,” he said outside court to PTI.
“I have not eluded any court. If it is my lawful duty to be here, I’m happy to be here.”
This is second time this year; the British Police have arrested Mallya. Earlier, he was arrested and bailed out in April this year.
Liquor baron and owner of now defunct Kingfisher Airlines, Vijay Mallya, allegedly owes more than Rs 9,000 crore to various banks in India. A first information report (FIR) for non-payment and criminal conspiracy was filed last year against him.
Mallya fled India in March 2016.
His arrest and quick bail has taken Twitter by storm.
Twitter users mocked his arrest and bail by calling it ‘faster than MS Dhoni’s stumping’.
