The current owner of the Barbados Tridents franchise tycoon Vijay Mallya has been bailed on security of 650 thousand pounds after appearing in court in London.
He was arrested on Monday by the metropolitan police on behalf of the Indian authorities, over fraud accusations.
India has been seeking the extradition of Mr Mallya, who faces charges of financial irregularities at his defunct Kingfisher Airlines.
Mr. Mallya is said to owe banks 600 million pounds but he denies wrongdoing.
Besides the Tridents, he is also the co-owner of the f1 team 'Force India', and owns the Indian Premier League cricket franchise Royal Challengers Bangalore.