Vijay Mallya Releases Letter To PM "To Put Things In Right Perspective"

Login   |  Register Now

Follow us with

Vijay Mallya Releases Letter To PM "To Put Things In Right Perspective"

Posted on : Tuesday 26th of June 2018

Total 1 News Image

NEW DELHI: Fugitive tycoon Vijay Mallya today released a two-year-old letter (scroll down to read) to Prime Minister Narendra Modi and said in a statement he was "making every effort" to settle his dues to banks but he had been made the "Poster Boy" of bank default and a lightning rod for public anger.

"I wrote letters to both the Prime Minister and the Finance Minister on 15th April 2016 and am making these letters public to put things in the right perspective. No response was received from either of them," Mr Mallya said, justifying his first statement after a "long period of silence".

"I have been accused by politicians and the media alike of having stolen and run away with Rs. 9,000 crores that was loaned to Kingfisher Airlines. Some of the lending Banks have also labelled me a wilful defaulter".

He said he was "tired of this relentless pursuit" by the government and its criminal agencies.

The liquor baron flew to the UK in 2016 and has been fighting against moves to extradite him to India to face trial.

The 62-year-old is wanted in India for defaulting on loans worth crores and also in a money-laundering case. He left India just when a group of banks launched efforts to recover unpaid loans from him. Since then, he has been living in a mansion near London and has been spotted in many events. Last year, he was arrested in London on an extradition warrant.

"I respectfully say that I have made and continue to make every effort, in good faith to settle with the Public Sector Banks. If politically motivated extraneous factors interfere, there is nothing that I can do," he said.

According to him, the CBI and Enforcement Directorate were "determined" to frame criminal charges against him.

"The surprising fact is that the ED has objected in court to my Group's applications for sale of assets in order to allow me to repay creditors, including Public Sector banks," he said, commenting that it raised the "fundamental question of whether the Government wants me to repay the Public Sector Banks or not".

Courtesy : NDTV

Disclaimer: The contents or any information provided here is strictly personal and way4indians.com does not hold any responsibility or liability on them. We shall endeavor to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libelous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

More Articles

‘Slaughterhouses rent increased by m..

KUWAIT CITY : Head of slaughterhouse and livestock market in Dhaher area Saad Albous revealed that the rents of slaug...

Hot weather continues during weekend..

KUWAIT CITY (KUNA): The country is still affected by the Indian seasonal pressure which supplies the region with very...

Jet Airways Flight Goes Off Runway ..

MUMBAI: Nearly 150 people on board a Mumbai-bound Jet Airways flight from Riyadh e...

"Ladakh No Longer Safe For Women": ..

LADAKH: Fourteen Buddhist nuns, who are specialized in Kung Fu, trained local girl...

MoH stops sending Kuwaiti patients to ..

KUWAIT CITY : The Ministry of Health has stopped sending Kuwaiti patients to Germany, reports Al-Rai daily quoting so...

PAM issues circular on work timings, a..

KUWAIT CITY : Public Authority for Manpower has issued a circular concerning work timings, attendance and absence fro...

Athirappilly tourist spot closed as..

Thrissur: With the incessant rain continuing to batter Kerala, rivers in Kerala ar...

80% of Kuwaitis believe use of ‘wast..

KUWAIT CITY : The International Monetary Fund (IMF) recently released a report on promoting growth and inclusiveness ...

Baby on board Indigo flight dies after..

New Delhi/Hyderabad: A four-month-old boy developed breathing problem on a Patna-bound flight and died at the Hyderab...

Several nurses aged 65 and above termi..

KUWAIT CITY : The Ministry of Health has laid down a comprehensive health services plan for pilgrims this year, repor...

Rising concern: Idukki water level tou..

Thiruvananthapuram: The water level in the Idukki reservoir in Kerala touched 2395.42 feet at 12 noon on Tuesday. Aft...

National Defence Academy Cadets To ..

PUNE: The National Defence Academy in Pune has included Kashmiri, Pashto and Dari ...

Advertisements

Copyright © 2012-2018, All rights Reserved   |  www.way4indians.com  |  This Logo is a trademark of Way4Indians. For Enquires, please contact : info@way4indians.com