Rubbishing the news of his arrest, Businessman Vijay Mallya has took Twitter route to claim that it is only extradition hearing had started as per the schedule, and blamed the Indian media for hyping the news as arrest.
"Usual Indian media hype. Extradition hearing in Court started today as expected," said Mallya tweet.
Scotland Yard in a statement said today that Mallya "was arrested on behalf of the Indian authorities in relation to accusations of fraud."
Sources say that Mallya is trying to present his appearance at a police station, as requested by officials, as proof that he was not caught dramatically or while trying to evade authorities. He was given bail in a court hearing that lasted about ten minutes, according to his lawyers.
Mallya fled to UK in March 2016 after being pursued in courts by banks seeking to recover about Rs 9,000 crore owed by his Kingfisher Airline.
India asked the UK to extradite Mallya in February after he ignored court orders to return home and face trial for over 9,000 crores that are owed by his collapsed Kingfisher Airlines to banks.
Mallya has avoided several summon notices from Indian courts.
Despite multiple injunctions, he has failed to appear before investigators at the Enforcement Directorate in connection with a probe under the Prevention of Money Laundering Act (PMLA).