On Friday, fugitive liquor baron Vijay Mallya declared that the properties of his group worth Rs 13,000 crore have been attached, more than the 'claimed' Rs 9,000 crore that he "ran away with" asking where is justice and how far will it go. He also added that the DRT Recovery Officer recently attached the assets of his Group amounting to 13,000 crores in India on behalf of the Consortium of Banks. However, it is alleged that he ran away with the claimed amount of 9000 crores causing loss to the Public Sector Banks. He asked, ‘‘Where is Justice or fair play?’’
Last year, in December, the Chief Magistrate of Westminster Magistrates' Court, Emma Arbuthnot, ruled in favour of the extradition of Mallya who is a wanted criminal in India for charges relating to alleged frauds and money laundering which amounts to an estimated Rs 9,000 crore.
In reply to this extradition order of the court in the United Kingdom, this year Mallya intends to appeal. He has also tweeted that the banks to which he owes money have been granted an open license to their Lawyers in England to initiate a number of frivolous lawsuits against him challenging the "brazen" spending of "public money on legal fees." He mentioned that every morning he gets up to get another attachment from the recovery officer of the DRT (debt recovery tribunal). He questioned the justifiability of the proceedings when the value has already exceeded (Rs) 13,000 crore. Banks claim debts that include all the interests of (Rs) 9,000 crore that is subject to review. Being disturbed with the situation, Mallya in a tweet asked, ‘‘How far will this go and well beyond? Justified??"
‘’And finally, the Banks Lawyers in England have objected in writing to my 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 U.K. tax exchequer. Disgraceful.’’, Mallya tweeted.
Courtesy/By: Subhasri Chatterjee
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04 Feb 2019
