Vijay Mallya has been granted bail after being arrested in London on Tuesday morning, and is due to appear in court next month.

“Officers from the Metropolitan Police’s Extradition Unit have this morning, Tuesday 19 April arrested a man on an extradition warrant,” said Scotland Yard in a statement, adding that he had been arrested on behalf of Indian authorities in relation to accusations of fraud. “He was arrested after attending a central London police station and will appear at Westminster Magistrates’ Court later today.”

Usual Indian media hype. Extradition hearing in Court started today as expected.

— Vijay Mallya (@TheVijayMallya) April 18, 2017

India began formal proceedings to extradite Mallya who is wanted in connection with a number of charges, including defaulting on loans amounting to Rs 9,000 crore earlier this year, with papers being handed over in New Delhi and London. While there is an acknowledgment that the extradition is up to the UK court system, sources previously said that they believed there was also political will to support the process.

No one was extradited to India under the first 23 years of the India-UK Extradition Treaty of 1993. Last year, Britain extradited Samirbhai Vinubhai Patel who was wanted by India in relation to the 2002 Gujarat riots, leading to hopes for future successful extradition requests.

During his visit to London earlier this year, Finance Minister Arun Jaitley highlighted the seriousness with which India took the issue of defaulters, without direct reference to Mallya. The issue is also understood to have figured in discussions he had with Prime Minister Theresa May and Chancellor of the Exchequer Philip Hammond during his visit.

While Britain faces political uncertainty, with a general election to be held on June 8, with the extradition proceedings now entering the judicial system, it is unlikely to be impacted by any changes to Britain’s political leadership.