Vijay Mallya Granted Bail Shortly After Being Arrested.

Liquor baron and former Kingfisher boss Vijay Mallya was granted bail shortly after he was arrested on Tuesday in London, a little over a year since he left India after defaulting on loans worth more than Rs 8,000 crore.

"Officers from the Metropolitan Police's Extradition Unit have this morning arrested a man on an extraction warrant," read a Scotland Yard statement. "Vijay Mallya, 61, was arrested on behalf of the Indian authorities in relation to accusations of fraud."

Mallya will be presented before the Westminster Magistrates' Court on April 18. The Central Bureau of Investigation (CBI) from India will then put in a request to extradite Mallya to India.

Soon after getting bail , Mallya wasted no time in hitting a post on twitter.

Usual Indian media hype. Extradition hearing in Court started today as expected.

— Vijay Mallya (@TheVijayMallya) April 18, 2017

Further dramas are expected within the coming week , as sources say Mallya could face extradition shortly.

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