Vijay Mallya breaks silence: Deny media reports and reminds favours:- Billionaire liquor baron Vijay Mallya breaks his silence and hit out at the Media, reminds favours and denies media reports of his flying away from the India.
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“We intend to recover the entire amount”, Jaitley said.
Raising the issue in the Rajya Sabha on Friday, Leader of Opposition Ghulam Nabi Azad said the CBI had informed immigration authorities to stop Mallya from leaving the country on October 16, 2015.
Former Chief Financial Officer (CFO) of long-grounded carrier Kingfisher Airlines, A Raghunathan today appeared before the Enforcement Directorate here for questioning in connection with its money laundering probe in the alleged default of over Rs 900 crore loan from IDBI bank. The ED is reportedly trying to establish whether Mallya and the banks worked together as his loans were not backed by enough collateral.
The liquor baron Vijay Mallya who has kept everyone under lurch and has fled from India on March 2 finally breaks his silence.
Mallya assured through a series of tweets that he posted on Friday that he did not leave India’s borders stating that “I did not flee from India and neither am I an absconder “. “I will not speak to media so don’t waste your efforts”, Mallya tweeted.
Since August 2014, the Central Bureau of Investigation (CBI) has been probing the alleged collusion between the airline and a few bank officials in granting loans to the airline despite its negative credit ratings and net worth.
Deve Gowda further added that every airline is facing losses these days and a reputed businessman like Vijay Mallya is being targeted for no reason.
According to MLA Vijai Sardesai, it should be checked which official or politician ensured that the prime piece of real estate could not be taken over by banks, he said. On Wednesday, the Supreme Court gave Mallya two weeks to respond and fixed the next hearing on March 30.
The government has hit back, saying Mallya piled up his debts under the Congress administration ousted by Modi in the 2014 election.
The ex-United Spirit chairman has been accused as a wilful defaulter with a huge debt of Rs 9,091 crore to the banks.
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Following accusations of impropriety, Diageo announced in February that Mallya would resign in return for $75 million over five years.
