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'Suits BJP to say I ran away': Mallya cites PM Modi's remark to claim full debt recovery

In February This Year, The UK Home Secretary Had Approved The Extradition Of Vijay Mallya.

News Nation Bureau | Edited By : Abhinav Gupta | Updated on: 31 Mar 2019, 11:02:21 AM
Vijay Mallya (File Photo)

New Delhi:

Fugitive businessman Vijay Mallya on Sunday cited remarks by Prime Minister Narendra Modi made in a recent interview to claim that the government has already recovered more than what he owes to banks. He also criticised the party spokespersons for speaking against him despite the government's confirmation of full recovery of the debt.  

"Saw PM Modi’s interview in which he takes my name and says that even though I owe Rs 9000 crores to Banks, his Govt has attached my assets worth Rs 14,000 crores. So the highest authority has confirmed full recovery. Why do BJP spokesmen continue their rhetoric?" Mallya tweeted. 

"I humbly submit that my assertion that I am a poster boy is fully vindicated by the PM’s own statement about me (by name) that his Govt has recovered more than what I allegedly owe the Banks. Fact that I have been a UK resident since 1992 ignored. Suits the BJP to say I ran away," he added.

Mallya's remarks come just days after the Patiala House Court ordered attachment of Vijay Mallya's properties in Bengaluru under section 83 in The Code of Criminal Procedure in connection with a FERA (Foreign Exchange Regulation Act) violation case. 

The same court had already declared Mallya a proclaimed offender for evading summons in January 2018. The court had also issued an open-ended non-bailable warrant against him for evading summons and law of the land in 2017. 

In a major blow to the liquor baron and boosting India's efforts to bring back the fugitive businessman, the UK Home Secretary had in February approved the extradition of Mallya. 

Mallya is on bail on an extradition warrant executed by Scotland Yard in April 2017 after the Indian authorities brought fraud and money laundering charges amounting to Rs 9,000 crores against the former Kingfisher Airlines boss. 

While Mallya's legal team had argued in the UK court that the default on the loans sought by the now-defunct airline were the result of business failure, the Crown Prosecution Service (CPS) had claimed fraudulent intentions by the businessman in seeking and then dispersing those loans.

The judgment had also dismissed the defence team's attempt to challenge the case on human rights grounds by claiming that Barrack 12 of Arthur Road Jail in Mumbai, where the businessman is to be detained following his extradition, did not meet the requirements. 


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First Published : 31 Mar 2019, 10:35:26 AM