Vijay Mallya assets News
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The Central Government gave information in the Supreme Court. Vijay Mallya's extradition is going on in the final stages. There is some process left.
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The ED had last year filed its first charge sheet against Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.
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Vijay Mallya took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default.
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Atorney General Mukul Rohatgi has told the Supreme Court that the government is seeking deportation of liquor baron Vijay Mallya from the UK to India.
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The Supreme Court has asked liquor baron Vijay Mallya whether he truthfully disclosed his assets to it or not.
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Finance Minister Arun Jaitley has said democracy is liberal enough in the UK to permit defaulters to stay here and that "normal" needs to be cracked, in an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases.
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The Supreme Court will hear the detailed affidavit about the assets of liquor baron Vijay Mallya on Thursday.
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The ED is mulling attaching domestic assets and shares worth about Rs 9,000 crore owned by liquor baron Vijay Mallya in connection with its money laundering probe against him and others in the IDBI bank loan fraud case.
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Liquor baron Vijay Mallya, who is facing legal proceedings for alleged default of loans worth over Rs 9,000 crore from various banks, was Thursday directed by the Supreme Court to disclose by April 21 the total assets owned by him and his family in India and abroad.
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This is a part of investigation into allegations that he diverted funds raised from Govt banks for Kingfisher Airlines.
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Liquor baron Vijay Mallya has left the country, now reportedly in London, but it seems he is very active on Twitter.
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