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Vijay Mallya to PM Modi: Why are you not ‘instructing banks to take money’ for ‘full recovery’

Troubles Are Mounting For The Embattled Business Tycoon As Latest Reports Suggest That India May Soon Acquire Details Of His Swiss Bank Accounts.

News Nation Bureau | Edited By : Surabhi Pandey | Updated on: 14 Feb 2019, 10:49:09 AM
Vijay Mallya to PM Modi: Why are you not ‘instructing banks to take money’ for ‘full recovery’

New Delhi:

Vijay Mallya, the absconding liquor baron, has a message for Prime Minister Narendra Modi. Day after the Prime Minister spoke about a man who ran away with 9000 crores, Mallya took to Twitter and said that the he is not absconding. He also said that Indian banks must take the money that he has offered for the full recovery.

“The Prime Ministers last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative I can only infer that reference is to me,” Mallya tweeted.


“Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher,” he said in another tweet.  Talking about his offer, Mallya said that, “I have made the offer to settle before the Hon’Ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA ?”he also slammed the ‘misleading public opinion.’ “Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of Court ? Shameful misleading of public opinion but unsurprising,” he added.

Troubles are mounting for the embattled business tycoon as latest reports suggest that India may soon acquire details of his Swiss bank accounts. The latest move means that India will be able to know the extent of money stashed by the liquor baron in the secret account. According to a Hindustan Times report, the development came after the top court of Switzerland agreed to share the information with Indian authorities. The accounts are held at Edmond de Rothschild (Switzerland) SA and Compagnie Bancaire Helvétique (CBH) in names of Mallya and his companies, Drayton Resources, Black Forest Holdings and Harrison Finance, the HT report quoted a CBI official as saying.

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First Published : 14 Feb 2019, 10:32:32 AM