New Delhi: Terming the actions of the Central Bureau of Investigation and the Enforcement Directorate against him as totally unreasonable, fugitive liquor baron Vijay Mallya asked the banks “with folded hands” to take 100 per cent of the principal back “immediately”.
Vijay Mallya said that ED attached his assets on the basis of banks’ complaint that he was not repaying them. “That is clearly stated in the provisional attachment orders. I have not committed any offences under the PMLA that the ED would suo moto attach my assets. Now, I am saying please banks take your money and the ED is saying — we have a claim on these assets,” he said.
“I have not borrowed any money from ED. In fact, I did not borrow money myself from banks, Kingfisher airlines did. I am mulling to honour my guarantee and pay them in full,” he said.
The hearing was on his appeal against being extradited to India. The 64-year-old business tycoon is wanted in India on charges of fraud and money laundering to an alleged amount of Rs 9,000 crores. 17 Indian banks moved the Debt Recovery Tribunal against him in 2016 and on that very day Mallya left the country. In 2019, he was declared a fugitive economic offender.
(With ANI Inputs)