Facing Extradition, Fugitive Businessman Vijay Mallya asks PM Modi to direct Banks to take money

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Fugitive liquor baron Vijay Mallya on Thursday asked Prime Minister Narendra Modi why wasn’t he “instructing banks to take the money”. Vijay Mallya in a series of tweets claimed that he had made a settlement offer before the High Court of Karnataka.

Liquor Baron Mallya said, ‘The Prime Ministers last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative, I can only infer that reference is to me’.

‘Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for the full recovery of public funds lent to Kingfisher’ he added in a series of tweets.

Mallya also claimed that he made a settlement offer before Karnata SC, he said, I have made the offer to settle before the Hon’ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA(Kingfisher Airlines)?

He further added, ‘Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of Court ? Shameful misleading of public opinion but unsurprising.’

Earlier on Feb 3, British Home Secretary Sajid Javid has signed the order for Vijay Mallya’s extradition to India. Official statement Confirming stated, ‘On February 3, the Secretary of State, having carefully considered all relevant matters, signed the order for Vijay Mallya’s extradition to India. Vijay Mallya is accused in India of conspiracy to defraud, making false representations and money laundering offences’

However, The businessman had said he will appeal against the order.

The special Prevention of Money Laundry Act (PMLA) court in January early this declared Liquor Baron Vijay Mallya as a ‘fugitive economic offender’ under new anti-corruption law empowering agencies to confiscate Mallya’s property.

Business Baron Vijay Mallya is also facing multiple of cases of Money laundering in the United Kingdom after India initiated extradition against him. Both the Investigation Agencies – ED and CBI had filed multiple cases against him accusing of a financial defaulter.

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