This is what Vijay Mallya had to say after being arrested by Scotland Yard

His arrest is being seen as the first step towards his extradition. Industrialist was declared a proclaimed offender. He was arrested on an extradition warrant, reports had claimed.

Minutes after getting bail businessman Vijay Mallya sent out a tweet online where he rubbished the news that he was arrested. He claimed that it was only an extradition hearing.

"Usual Indian media hype. (The) extradition hearing in Court started today as expected," Mallya said in a tweet. Multiple reports had claimed that he was arrested by the Scotland Yard and produced before a court.

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. 

Last month, the British government certified India's request and sent it to a district judge for further action.

Even before reports of his arrest emerged a visibly happy Mallya was tweeting about his Formula One Team. Mallya, who is team chief of Sahara Force India, in tweets said that he was excited about the return of Alfonso Celis, the driver for Force India.