2024-12-19 11:25:55 :
New Delhi, Dec 19 (PTI) Fugitive businessman Vijay Mallya said he will seek relief from the Enforcement Directorate and banks will bear more than double the debt he owes.
His remarks came after Finance Minister Nirmala Sitharaman made a statement on recovery in Parliament. $141.3 billion from his affiliated assets.
In a series of posts on social media platform $6,203 crore, of which $1,200 crore in interest. ”
He further wrote, “FM announced in Parliament that through ED, banking sector has resumed $I pay you the judgment debt of Rs 14,131.6 Crores $6,203 crore, I am still an economic criminal.
“Unless the school board and the banks can legally justify taking on more than twice the debt, I am entitled to the relief I will seek.”
Sitharaman said this while responding to a debate in the Lok Sabha on the demand for the first tranche of supplementary grant on Tuesday. $Mallya’s properties worth Rs 14,131.6 crore have been returned to public sector banks.
Mallya fled to the UK in March 2016 and was wanted in India for defaulting on debts. $Several banks loaned Rs 9,000 crore to the erstwhile Kingfisher Airlines (KFA).
Mallya said in the post: “Whatever my responsibilities as a KFA loan guarantor are stated, they are legally verifiable. However, more than $Apart from the judgment debt, we have recovered Rs 8,000 crore from me. ”
He claimed he had no support from anyone, saying: “Will anyone, including those who have abused me at will, stand up and question this blatant injustice? It takes courage to be seen supporting a much maligned me. “Sadly, there is no courage to seek justice, especially for me”.
Mallya further said, “The government and many of my critics say that I have a CBI criminal case to answer. What criminal cases have been filed by the CBI?”
Mallya claimed that he had never borrowed a single rupee and had never stolen it, “…but as a guarantor of the KFA debt, I along with many others including IDBI Bank officials have been accused by the CBI of fraudulently obtaining the KFA debt ” $The Rs 900-crore loan provided by IDBI Bank has been formally approved by the Credit Committee and the Board of Directors. Repay the loan in full plus interest. Why is there no conclusive evidence of fraud and misuse of funds after 9 years? ”
India has been seeking Mallya’s extradition from the UK. He has offered to repay 100% of “public funds” in the past but has accused banks and the government of rejecting his proposals.
Follow us On Social Media Twitter/X
