Vijay Mallya Miffed As Debt Tribunal Attaches His Assets, Asks ‘Where is Justice?’
Liquor baron Vijay Mallya took to Twitter and expressed his anger over the way DRT Recovery Officers attached his assets.
London, February 1: A day after Federal Court of Switzerland approved the sharing of information with India on the Swiss bank accounts of businessman Vijay Mallya and his assets were attached in the fraud and money laundering case, the beleaguered liquor baron expressed his displeasure over the development and criticised the government.
Expressing his displeasure, Mallya took to Twitter and wrote, “The DRT Recovery Officer recently attaches my Group assets worth over 13,000 crores in India on behalf of the Consortium of Banks. Yet the narrative is that I ran away with the claimed amount of 9000 crores causing loss to the Public Sector Banks. Where is Justice or fair play?” Vijay Mallya Declared 'Fugitive Economic Offender' by PMLA Court; Government Authorised to Confiscate Liquor Baron's Properties.
Annoyed with the sudden attachment of his assents by CBI, he wrote another tweet questioning the justification. Mallya wrote, “Every morning I wake up to yet another attachment by the DRT recovery officer. Value already crossed 13,000 crores. Banks claim dues including all interest of 9,000 crores which is subject to review. How far will this go and well beyond? Justified??”
Adding more in the third tweet, the liquor baron asked, “And despite all the attachments in India, Banks have given an open licence to their Lawyers in England to pursue multiple frivolous litigations against me. Who is accountable for spending Public money on Legal fees in such a brazen manner?”
In a fourth tweet, Mallya wrote, “And finally, the Banks Lawyers in England have objected in writing to my paying my legitimate tax dues to HMRC which I requested. The irony is Indian State Banks want my money in England to settle an Indian debt already secured and deny payment to the U.K. tax exchequer. Disgraceful.”
Earlier on January 5, 2019, Mallya was announced the first Indian businessman to be declared a fugitive economic offender by a special court in Mumbai. He was found guilty by the Westminister Magistrates Court in London and classified as the fugitive economic offender. The court had ordered his extradition to India on an application by the Indian Government.
(The above story first appeared on LatestLY on Feb 01, 2019 12:53 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).