London court grants bail to Vijay Mallya in extradition case

The next hearing in the extradition case is on September 12.

Meanwhile, on Mallya’s plea, the UK court asked the Indian authorities to submit a video within three weeks of Mumbai’s Arthur Road Jail cell where they plan to keep Vijay Mallya post-extradition.

The extradition hearing kicked off in December last and has focussed largely on a series of loans from IDBI Bank to Kingfisher Airlines — from the way in which these were obtained to how — in the words of the prosecution, Mallya allegedly sought to squirrel away the money.

Mallya stands accused of defrauding a consortium of public sector banks and money laundering, though during the hearings the prosecution focussed mostly on the issue of fraud.