Force India Formula 1 owner Vijay Mallya has been arrested in London following a formal extradition request from India, where he faces charges of fraud.
Mallya has been facing calls for extradition from Indian officials for some time over alleged financial irregularities surrounding Kingfisher Airlines, which closed down four years ago.
London’s Metropolitan Police confirmed in a statement issued on Tuesday that Mallya had been arrested before making a court appearance later in the day.
“Officers from the Metropolitan Police’s Extradition Unit have this morning, Tuesday 18 April arrested a man on an extraction warrant,” the statement said.
“Vijay Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud.
“He was arrested after attending a central London police station, and will appear at Westminster Magistrates’ Court later today, 18 April.”
Mallya made the court appearance and was released on bail for £650,000 ($834,000), before taking to Twitter to post a short message to say that all the steps being taken are formalities in extradtion cases.
Mallya established Force India in 2008, and has since turned it into one of F1’s strongest midfield teams, recording its best-ever finish of fourth place in the constructors’ championship last year.