Force India team principal Vijay Mallya waves in the paddock during the third practice session of the Indian F1 Grand Prix at the Buddh International Circuit in Greater Noida, on the outskirts of New Delhi, October 27, 2012.
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They said, “Modi government came to power on the solemn promise of bringing back black money within 100 days”. “CBI couldn’t have allowed without approval from top”, Mr Kejriwal tweeted.
On Wednesday, the government told the Supreme Court that Mallya had left India on March 2 following which the bench issued notice to him and sought his response within two weeks on pleas filed by a consortium of banks seeking direction for freezing his passport and his presence before the apex court.
The businessman did not mention his location in his tweets, but said that as a member of parliament he would fully comply with the law.
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“We had summoned Raghunathan and he appeared before us for questioning this morning”, said an ED official here.
The Enforcement Directorate (ED) today ordered Rajya Sabha MP and former liquor baron Vijay Mallya to appear before it on March 18 in a loan default case. The CBI says that it has not found anything criminal in the financial transactions of Mallya and the agency is still to establish the money trail – that is if bank loans have flown to tax havens.
His downfall was triggered by the failure of Kingfisher Airlines, which he launched in 2005.
“I am an worldwide businessman”, Mallya said in a series of postings on his official Twitter account yesterday.
A political slugfest also continued in the national capital with the main opposition party Congress alleging that Mallya was “made to run away with active abetment” of the government agencies.
A group of banks led by State Bank of India is trying to recover some 90 billion rupees (1.34 billion) in unpaid loans from the tycoon.
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Banks ramped up their campaign to retrieve funds after Mallya quit as chairman of spirits maker United Spirits, a unit of Diageo Plc, last month. The letter requested the government to pay the dues of the employees “ex gratia” and recover from the company and the management of KFA along with the dues of the banks.
