ED rejects Mallya's offer of supporting investigations via video calling

| Monday, May 16, 2016 - 18:17
First Published |
ED rejects Vijay Mallya's 'online' offer,

ED rejects Vijay Mallya's 'online' offer

New Delhi: The Enforcement Directorate has distinctly rejected embattled business tycoon's offer to participate in the ongoing investigations against him via video conferencing.
Mallya who participated in the board meeting of United Breweries Ltd via a video call late last week reportedly claimed that he was being victimised and that he was willing to come back to India to undergo questioning if the government assured him safe passage.
UBL, once controlled by Mallya is now majority owned by Dutch beer maker Heineken after he sold stake to raise money to fund running the defunct Kingfisher Airlines. The failure of the airlines caused the collapse of Mallya's liquor empire - the largest spirits and beverages firm in India, and also made him owe over Rs 9,000 crore of unpaid loans to banks led by State Bank of India.
Mallya who fled the country on March 2 has had his passport revoked and the Indian government had also approached the United Kingdom for his deportation, but the request was denied. The UK government advised India to look into the extradition route to bring Mallya back.

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