London, UK: Embattled fugitive businessman Vijay Mallya on Thursday posed a question on Twitter, as to why the Prime Minister was not instructing banks to take the money he is repaying. Also Read - SBI Home Loan Gets Cheaper As Bank Reduces Interest Rates, Waives Processing Fee Till March 31
Referring to Prime Minister Narendra Modi’s last Lok Sabha address on Wednesday ahead of the general elections in April-May 2019, Vijay Mallya noted that he was presumably referred to as the person who “ran away” with Rs 9000 crore. On this, Mallya said, “I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher.” Also Read - SBI to Conduct Mega Property E-auction on 5th March. Here's All You Need to Know & Participate
He further claimed that he has made the offer to settle the matter before the High Court of Karnataka.
Mallya also said, “Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of Court? Shameful misleading of public opinion but unsurprising.”
The UK Home Secretary Sajid Javid, earlier this month signed the extradition order of Vijay Mallya. According to a PTI report, Chief magistrate in an UK court had said that there was, prima facie, a case against Vijay Mallya for fraud, conspiracy and money laundering, and described him as “this glamorous, flashy, famous, bejewelled, body guarded, ostensibly billionaire playboy, who charmed and cajoled these bankers into losing their common sense.”
According to sources, the entire process to bring Mallya back to India may take at least 7-8 months, if he further purses legal options.
The ED has accused Vijay Mallya of money laundering, defrauding a consortium of banks to the tune of Rs 9,000 crore apart from separate cases of tax evasion. On January 2 this year, Vijay Mallya was also declared a fugitive offender under the Fugitive Economics Offenders Act.
In August 2016, the Central Bureau of Investigation (CBI) had registered a fresh case against Vijay Mallya for alleged irregularities in the repayment of Rs 1,600 crore loan that he had taken from the SBI.
A Prevention of Money Laundering Act (PMLA) offence was registered against Mallya and investigated after the CBI registered a case against him under Sections 13 (2) and 13 (1)(D) of the Prevention of Corruption Act.