Former liquor baron Vijay Mallya was arrested on Tuesday in London and then – within hours – granted bail. That short period, however, saw Indian television channels churn out a remarkable amount of commentary. Many rushed to congratulate the Indian government on the arrest and speculate on the fate of Mallya – news that was made mostly irrelevant only a bit later with the businessman quick bail. The 61-year-old former Rajya Sabha MP owes 17 banks in India an estimated Rs 9,000 crore and stands accused of fraud and money laundering. New Delhi has been attempting to get the UK authorities to send him back to India ever since he left the country in March 2016. But as experts have pointed out, extraditing Mallya is going to be a long, hard process and it’s far too early to celebrate

https://scroll.in/article/835001/the-daily-fix-targeting-mallya-is-easy-actually-solving-the-corporate-debt-problem-is-much-harder

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