Property worth over Rs 13,000 crore attached, how far will it go, asks Mallya


New Delhi, Feb 1 (PTI): Fugitive liquor baron Vijay Mallya Friday claimed his group’s properties worth over Rs 13,000 crore have been attached, more than the ‘claimed’ Rs 9,000 crore that he “ran away with” asking where is justice and how far will it go.

In a series of tweets, Mallya, who intends to appeal against a UK court’s extradition verdict, also claimed that the banks to which he owes money “have given an open licence to their Lawyers in England to pursue multiple frivolous litigations against” him questioning the “brazen” spending of “public money on legal fees”.

“Every morning I wake up to yet another attachment by the DRT (debt recovery tribunal) recovery officer. Value already crossed (Rs) 13,000 crore. Banks claim dues including all interest of (Rs) 9,000 crore which is subject to review. How far will this go and well beyond? Justified??”, Mallya tweeted.

He further said the DRT recovery officer recently attached his group’s assets worth over Rs 13,000 crore in India on behalf of the consortium of banks.

“Yet the narrative is that I ran away with the claimed amount of (Rs) 9000 crore causing loss to the public sector banks. Where is Justice or fair play?,” he asked.

The embattled liquor baron further said “despite all the attachments in India, banks have given an open licence to their lawyers in England to pursue multiple frivolous litigations against me. Who is accountable for spending public money on legal fees in such a brazen manner?”

Mallya also claimed that the banks’ lawyers in England have objected in writing to his paying “my legitimate tax dues to HMRC which I requested”.

“Irony is, Indian state banks want my money in England to settle an Indian debt already secured and deny payment to the UK. tax exchequer. Disgraceful,” he added.

Last year in December Westminster Magistrates’ Court Chief Magistrate Emma Arbuthnot had ruled in favour of extradition of Mallya, who is wanted in India for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore.

  

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Comment on this article

  • KS Mayya, Mangalore/Bangalore

    Mon, Feb 04 2019

    Government should stop supporting public sector banks and show allow them to build their own reputation based on strong business ethics and profits based on honest business transactions. Banks also should make their own assessment while lending money as in effect they are investors in the business and liable to any losses. Here it appears that Bank only wants its share and want nothing to do with the losses. They are quite diligent with common man, but with big businesses wherein they make big money, they lent without proper paper work.
    All the various allegations and cases filed including money laundering etc., are only to ensure that they get their money with interest back, while in fact they should be made to pay for. Corruption in banking sector is also huge. Nirav Modi saga is another reminder and it is in no way similar to case of Mallya. Mallya started a business that failed. That is normal considering that every airline is in the red except for monopoly of Indian skies called Indigo (here too earnings are staring the south pole).

    DisAgree Agree Reply Report Abuse

  • Pais, Mangalore

    Fri, Feb 01 2019

    Mr Mallya, You robbed your employees of their livelihood and salaries when the Cowernment and the Banks were hand in glove with your deeds when all was well for them.. You left India with the BJPee Cowernments blessings which you as a politician should know that nothing comes free in politics.. Banks and Cowernment will now rob you till you down to nothing... This is how Politics and Banks work sir, they are nobody's Friends.. all they care is of their power and profits.

    DisAgree [3] Agree [8] Reply Report Abuse

  • Rohith, Mallikatte Mangalore

    Fri, Feb 01 2019

    chor machaye shor

    DisAgree [3] Agree [5] Reply Report Abuse

  • mahesh, mangalore

    Fri, Feb 01 2019

    This is Modi.
    He is not going to let you go off so easily.
    You can complain all you want.

    DisAgree [9] Agree [15] Reply Report Abuse

  • Harekal Yajnanarayana Rao, Kulai, Mangalore-575019

    Sat, Feb 02 2019

    "Attege ondu Kala, Sosege ondu Kala".

    DisAgree Agree Reply Report Abuse

  • Sanjay, Hebri

    Fri, Feb 01 2019

    Then come back to India and settle all the dues, dont hide at the back of RG

    DisAgree [8] Agree [19] Reply Report Abuse

  • k b r, Mangala Uru

    Fri, Feb 01 2019

    Why you peep at RG back....?

    DisAgree [11] Agree [3] Reply Report Abuse

  • k b r, Mangala Uru

    Fri, Feb 01 2019

    Feku gave him Safe exit...He will come back when Feku assures Safe return

    DisAgree [16] Agree [13] Reply Report Abuse

  • SURESH.HEGDE, Dubai

    Fri, Feb 01 2019

    First time in Indian History looters are crying they paid more. This is ACHE DIN...

    DisAgree [10] Agree [22] Reply Report Abuse

  • Rajesh, Karkala

    Fri, Feb 01 2019

    Modi said na kaunga na kane dunga lekin yeh nahi kahatha jo kaya hua paise ka duguna ugalwadunga ... ab samaj mai aya mallya ji Modi ji jo bolthey hai woh karthey hai jo nahi bolthey hai woh jaroor karthey hai !!!!

    DisAgree [7] Agree [18] Reply Report Abuse

  • Pai, Mangalore

    Fri, Feb 01 2019

    CHOR

    DisAgree [5] Agree [12] Reply Report Abuse

  • David Pais, Mangalore

    Fri, Feb 01 2019

    rafale chor. choromka guru.

    DisAgree [12] Agree [15] Reply Report Abuse

  • Vijay, Mangalore

    Fri, Feb 01 2019

    Now he cries!... When he was looting what was he thinking that the biggest looter UK...would let him off...Nice try Mr. Mallya.

    DisAgree [5] Agree [11] Reply Report Abuse

  • Sathish Shetty, Mangalore

    Fri, Feb 01 2019

    Pray for victory of Maha Ghata Bhandhan, gowda will save kingfisher.

    DisAgree [4] Agree [22] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Feb 01 2019

    I wonder if Piyush Goel understands the meaning of Trillion ...
    Election Speech ...

    DisAgree [36] Agree [11] Reply Report Abuse

  • SURESH.HEGDE, Dubai

    Fri, Feb 01 2019

    Only your leaders knows how to cheat and hide Trillions of Rupees....

    DisAgree [12] Agree [35] Reply Report Abuse

  • Roshan Patrao, Traffic Warden, Mangalore

    Fri, Feb 01 2019

    Where was justice when he ran away with public money?

    DisAgree [5] Agree [40] Reply Report Abuse


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