Vijay Mallya not complying: Banks tell Supreme Court

| Wednesday, April 27, 2016 - 13:04
First Published |
Vijay Mallya

New Delhi: The ‘king of bad loans’ Vijay Mallya is likely to face a tough time as a bank consortium submitted affidavit in the Supreme Court against him in the alleged loan fraud case.

Attorney General Mukul Rohatgi told the court that Mallya, who left the country on March 2, was a fugitive from the justice system of India. He told the apex court that the former liquor baron had not complied with the court’s order.

The Supreme Court had earlier ordered Mallya to indicate his date of return to India as well as to appear before the court.

(Also Read: Furnish details of assets in India and abroad: SC to Mallya)

This is in relation with the petition filed by a 17-member banking consortium to whom Mallya owes over Rs 9,000 crores. They believed that it is about the Constitution and the Centre should take stern steps.

“He has to come to India otherwise we will arrest him. We want our money. Whatever loan he has obtained he will have to repay by hook or crook,” said a bank official.

Senior lawyer and NCP leader Majeed Memon said that Mallya is not a British national as he claims to be. “He continues to be a citizen of India to the best of my knowledge and Ethics Committee is not well equipped with all the details relating to his movements and status,” he said.

He demanded that investigation agencies should collect the evidence and bring it to the knowledge to the Ethics Committee.

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