38.6c New Delhi, India, Thursday, March 28, 2024
Business

Vijay Mallya: Property more than my bank dues attached

By LawStreet News Network      01 February, 2019 12:00 AM      0 Comments
Vijay Mallya: Property more than my bank dues attached

On Friday, February, 1st 2019 Fugitive liquor baron Vijay Mallya claimed that his property worth over 13,000 crores have been attached, more than the ‘claimed' 9,000 crores that he "ran away with" asking where is justice and how far will it go.

In a series of tweets, Vijay Mallya who appealed 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”.

Fugitive liquor baron Vijay Mallya also said that 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.

Tweets Made by Vijay Mallya
 Tweeted by Vijay Mallya

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?” Vijay Mallya asked.

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 was wanted in India for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore.

Later on, he had stated that he intended to file an application to appeal against a British court’s verdict.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

india-summons-us-diplomat-over-state-dept-remarks-on-kejriwals-arrest
Trending International
India summons US diplomat over state dept remarks on Kejriwal's arrest

After CAA, U.S. wades into Arvind Kejriwal’s arrest. Here's how India responded.

27 March, 2024 04:41 PM
delhi-high-court-warns-against-aaps-call-for-protest-in-court-premises-amid-kejriwal-arrest
Trending Judiciary
Delhi High Court Warns Against AAP's Call for Protest in Court Premises Amid Kejriwal Arrest

Delhi High Court warns Aam Aadmi Party's Legal Cell of severe action for any protest in Delhi Courts against Arvind Kejriwal's arrest.

27 March, 2024 05:57 PM

TOP STORIES

global-entertainment-giants-warner-bros-netflix-amazon-get-relief-from-delhi-hc-in-copyright-protection-case
Trending Business
Global entertainment giants Warner Bros, Netflix, Amazon get relief from Delhi HC in copyright protection case

Delhi HC grants relief to global entertainment giants like Netflix, Amazon, Warner Bros, ordering takedown of copyrighted content on rogue websites.

22 March, 2024 12:13 PM
arvind-kejriwal-arrested-can-cm-administer-a-region-while-being-in-jail
Trending Top Stories
Arvind Kejriwal Arrested | Can CM administer a region while being in jail?

Will President's rule be imposed in Delhi after Kejriwal’s arrest? Read the full article to know more.

22 March, 2024 03:16 PM
merely-because-you-are-politician-cant-bypass-statutory-remedies-procedure-sc-refuses-to-consider-bail-by-kavitha
Trending Judiciary
'Merely because you are politician, can't bypass statutory remedies, procedure,' SC refuses to consider bail by Kavitha

Supreme Court denies bail to politician Kavitha in Delhi Liquor Policy Scam; ED alleges Rs 100 crore illegal gratification.

22 March, 2024 03:34 PM
ponmudi-to-be-sworn-in-as-minister-tn-governor-relents-before-sc
Trending Judiciary
Ponmudi to be sworn in as Minister, TN Governor relents before SC

Tamil Nadu Governor relents to Supreme Court's order, agrees to swear in DMK leader K Ponmudi as Minister after court's rap.

22 March, 2024 03:54 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email