1 day ago
Vijay Mallya Alleges Injustice Over Bank Recovery Claims
Vijay Mallya is a businessman wanted in India in connection with loans made to Kingfisher Airlines.
He says the Indian government and media have treated him unfairly.
Mallya says an Enforcement Directorate court filing recorded that more than Rs 14,000 crore had been recovered from him.
He says that money was given to banks in 2021.
He argues that he should not need to be physically in India for repayments to happen.
Mallya also says he has lived as a permanent resident of the United Kingdom since 1992.
He claims UK legal proceedings prevent him from leaving the country.
He disputes being called a fugitive or fraudster.
The article reports his claims and does not independently verify them.
Vijay Mallya said he has faced continuing injustice from the Indian government and questioned whether becoming a cockroach would mean a better life.
Mallya cited an Enforcement Directorate affidavit that he said recorded recovery of Rs 14,131.60 crore and payments to banks in 2021.
He argued that repaying banks does not depend on his physical presence in India.
Mallya said he has been a permanent resident of the United Kingdom since 1992 and is legally prohibited from leaving the country.
He rejected being called a fugitive or fraudster and questioned why he had not received a refund, according to his posts.
- Who
- Businessman Vijay Mallya, the Indian government, the Enforcement Directorate, and banks connected to Kingfisher Airlines are involved in the dispute.
- What
- Mallya alleged injustice, cited an alleged recovery of more than Rs 14,000 crore, and disputed being called a fugitive or fraudster.
- Where
- The legal and financial dispute concerns India, while Mallya says he is living in the United Kingdom.
- When
- Mallya made the latest comments after posts on Tuesday; he referred to a recovery recorded in 2021.
- Why
- Mallya says he is being treated unfairly despite the alleged recovery of money and says UK legal proceedings prevent him from traveling to India.
Mallya's Claims
Case and Official Framing
Whether he is a fugitive
Mallya's Claims
Mallya says he is not a fugitive and that UK legal restrictions prevent him from returning to India.
Case and Official Framing
The article identifies him as wanted in India and says he has been referred to as a fugitive or fraudster.
Recovery of bank money
Mallya's Claims
Mallya says an Enforcement Directorate affidavit shows that Rs 14,131.60 crore was recovered and given to banks, and he questions why he is still described as having cheated them.
Case and Official Framing
The article provides no independent response from the Enforcement Directorate or banks to Mallya's interpretation of the affidavit.
Need to return to India
Mallya's Claims
Mallya argues that repayment does not depend on his physical presence in India and asks why he should not receive a refund after the alleged recovery.
Case and Official Framing
The article says he remains wanted in India over the Kingfisher Airlines loan default and reports no official agreement with his position.
Key facts
- Person
- Vijay Mallya
- Outstanding loan context
- The article says Rs 9,000 crore was loaned to erstwhile Kingfisher Airlines by several banks.
- Claimed recovery
- Mallya cited an Enforcement Directorate affidavit that he said recorded recovery of Rs 14,131.60 crore.
- Payments to banks
- Mallya said the recovered money was handed to banks in 2021.
- United Kingdom status
- Mallya said he has been a permanent resident of the United Kingdom since 1992.
- Travel claim
- Mallya said he is legally prohibited from leaving the United Kingdom because of ongoing proceedings.
Quotes
Vijay Mallya
Fugitive Indian businessman and former Kingfisher Airlines promoter
“For all who say I am a bhagoda refusing to come to India, please be aware that I have been a permanent resident of the United Kingdom since 1992 and am currently legally prohibited from leaving this country. All this started with poster boy actions by the Government of India who have been grossly unjust in my case.”
NDTV
“And may I say again, affidavit filed in Court by the most feared criminal agency the Enforcement Directorate confirms that they handed over Rs 14,000 plus crores to the Banks in 2021. Forget what I say if you don't trust me. Focus on what the Enforcement Directorate said.”
NDTV
Sources
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