Vijay "King of the Good Times" was arrested on suspicion of using money-laundered funds to support his Formula One team...
Mallya is the co-owner of the Force India team and is accused by the Indian government of supporting Force India with money-laundered cash.
The flamboyant multi-millionaire who lives in a 11.5 million pounds mansion in Hertfordshire once owned by the father of Lewis Hamilton is accused of fleeing to the UK from India because of a 1 billion pounds unpaid debts.
Mallya was re-arrested Tuesday by the orders of he crown prosecution services in the UK following a request from the Indian government.
Mallya denied the charges and was realised on bail after a short while at the Westminster's magistrates court.
"I deny all allegations that have been made and I will continue to deny them," said Mallya outside the court.
"I have not eluded any court. If it is my lawful duty to be here, I'm happy to be here."
Mallya was 1st arrested due to India's government request for extradition for a 1 billion pounds debt owed to state-owned banks after the collapse of King Fisher Airlines in 2012.
Mallya is due back in court November 20 and extradition hearings will start December 4..
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