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.
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.
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.
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
The ED filed the chargesheet a day after the Westminster Magistrates Court in London granted Mallya bail till December 4 in the extradition case.
According to the CBI, Mallya was arrested on the basis of the probe agency’s formal extradition request which it had sent to the Britain in February this year.
Mallya, whose now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks, had fled India on March 2, 2016.
Beleaguered loan defaulter and fugitive Vijay Mallya has now come up with a new assertion, alluding the reason behind the failure of Kingfisher Airlines business to faulty engines. In a tweet today, Mallya blamed “faulty”
BJP today accused Manmohan Singh led UPA government of helping beleaguered industrialist Vijay Mallya in availing him bank loans for his now-grounded Kingfisher Airlines, a charge rejected by the former Prime Minister.
In an important revelation regarding the loan default case, the ED today said that the two initial tranches of loan worth Rs 350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a
Troubled liquor tycoon Vijay Mallya today sought to blame the erstwhile Congress-led UPA government’s policies and economic conditions for collapse of Kingfisher Airlines (KFA).
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