Fugitive businessman, Vijay Mallya congratulated the government on the COVID-19 financial reduction packages and requested why he was not allowed to pay his dues to the banks.
Vijay Mallya. (Image: AFP)
New Delhi: Fugitive enterprise tycoon & former member of Parliament Vijay Mallya has misplaced his utility to attraction in UK’s Supreme Court within the extradition case. In a serious improvement, the UK High Court has dismissed the applying.According to stories, earlier this month, he had filed an attraction within the UK Supreme Court after dropping an attraction within the London High Court towards an extradition order to India on alleged costs of fraud and cash laundering associated to unrecovered loans to Kingfisher Airlines.
Meanwhile, amongst those that appeared pleased with the allocation of 20 lakh crore by the Central authorities for coping with the pandemic and lockdown is the fugitive King of Good Times.
In a current tweet Mallya congratulated the government on the COVID-19 financial reduction packages however on the identical time questioned why he was not allowed to pay his dues to the banks. In a tweet, he has requested the federal government to take his ‘money unconditionally and close’ the case.
Congratulations to the Government for a Covid 19 reduction bundle. They can print as a lot foreign money as they need BUT ought to a small contributor like me who gives 100% payback of State owned Bank loans be consistently ignored ? Please take my cash unconditionally and shut.
— Vijay Mallya (@TheVijayMallya) May 14, 2020
Son of Vittal Mallya who was the Chairman of United Breweries Vijay Mallya inherited his place within the UB Spirits. Mallya’s identify is most carefully related to now-defunct Kingfisher Airlines. The airline firm, launched in 2005 however was grounded in 2012 as a result of excessive debt it had piled on. The lenders started claiming again the cash which was loaned, he fled the nation.He owes 17 Indian banks an estimated Rs 9,000 crore, is accused of fraud and cash laundering within the nation. Several companies together with the Income Tax Department and the Central Bureau of Investigation are investigating Mallya for costs together with monetary fraud and cash laundering. In 2016 he was declared a fugitive.
According to information stories, earlier than leaving the nation in 2016, Mallya wrote an open letter defending himself. “All enquiries conducted have failed to find evidence of misappropriation of funds by Kingfisher Airlines or myself,” Mallya mentioned. “Despite pledging blue-chip securities and depositing significant amounts in court, a successful disinformation campaign has ensured my becoming the poster boy of all bank NPAs.”
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