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India nabs fugitive 'Beer King' in UK over unpaid loans

Arrest underscores Modi's resolve to tackle bad debt

Vijay Mallya back in 2005, when he was flying high with the launch of Kingfisher Airlines.

NEW DELHI -- The Indian government finally caught up to a well-known business figure who had fled the country and left behind a mountain of debt from a failed foray into the airline business.

Vijay Mallya, chairman of United Breweries, was arrested in London by Scotland Yard on Tuesday. The Indian government under Prime Minister Narendra Modi has pursued the fugitive business tycoon, who beat a retreat to the U.K. in March last year with some 90 billion rupees ($1.39 billion) in unpaid liabilities.

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