In his latest Twitter intervention, the 63-year-old former Kingfisher Airlines boss made another reference to Prime Minister Narendra Modi's interview last month in which he had claimed that the government has recovered assets worth Rs 14,000 crores related to the now-defunct airline's loan defaults.
Vijay Mallya News: Jet Airways crisis latest Updates, Jet Airways Crisis: Mallya currently owes about Rs 9,000 crore to a clutch of public sector banks. Once the 'King of Good Times', Mallya is now a fugitive economic offender living in London and facing extradition.
The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
Mallya’s counsel Amit Desai had submitted an application in the case to ED.
The clarification from India’s biggest lender came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation.
Rahul Gandhi said the CBI changed the status of the lookout notice against Mallya and claimed that the PM was aware of it.
Mallya is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores.
A British court had allowed the Indian banks to search and seize the properties owned by Vijay Mallya. The Indian banks are working in sync with the UK authorities on this.
Vijay Mallya, who sneaked out of India in March 2016, said he has become the "poster boy" of bank default.
Mallya has three kids from his previous marriages, a son named Siddharth and two daughters, Leanna and Tanya.
Judge Emma Arbuthnot described the case as a "jigsaw puzzle" with different pieces of "massive evidence" to be put together to paint a picture.
Vijay Mallya’s defence team has deposed a series of expert witnesses to claim he had no fraudulent intentions and that he is unlikely to get a fair trial in India.
The legal claim relates to a leasing agreement between Kingfisher Airlines and aircraft leasing company BOC Aviation involving four planes, of which three were delivered.
Raju further said that the disinvestment process of the national carrier has been initiated and added that the government does not want anyone working in Air India to lose job.
The villa, when owned by Mallya, has hosted some of the most extravagant parties, before the liquor baron, who owes banks thousands of crores fled the country.
Last week, the defence claimed that a consortium of Indian banks led by SBI had rejected an offer by the liquor baron in early 2016 to pay back nearly 80 per cent of the principle loan amount owed to them.
Lawyers for Mallya have been granted an extension to respond to that case due to his ongoing extradition trial, expected to conclude on Thursday.
The CPS detailed "three chapters of dishonesty" by the former Kingfisher boss -- the first being misrepresentations to various banks to acquire the loans, then how he misused the money and finally his conduct after the banks recalled the loans.
Sources said the probe agency has red-flagged a slew of violations of companies law by Mallya, Kingfisher Airlines and officials, including serious corporate governance lapses
According to a concession agreement between MoCA and BIAL, the latter collects a security fee or passenger service fee through various airlines. This fee is deposited in an escrow account.
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