All my companies have ceased operations, yet not sending employees home: Vijay Mallya seeks govt's help

Image
ANI Europe
Last Updated : Mar 31 2020 | 8:40 AM IST

Fugitive liquor baron Vijay Mallya on Monday (local time) said all his companies had ceased operations and manufacturing and sought help from the Indian government in sending employees of his company home.

Mallya took to Twitter to post: "Indian Government has done what was unthinkable in locking down the entire country. We respect that. All my Companies have effectively ceased operations. All manufacturing is closed as well. Yet we are not sending employees home and paying the idle cost. Government has to help."

The liquor baron, who has been accused of diversion of funds from Kingfisher Airlines in another post said: "I have made repeated offers to pay 100 per cent of the amount borrowed by KFA to the Banks. Neither are Banks willing to take money and neither is the ED willing to release their attachments which they did at the behest of the Banks. I wish the FM (Finance Minister) would listen in this time of crisis."

Last month the Supreme Court adjourned the plea of liquor baron Vijay Mallya, seeking a stay on the proceedings initiated by the Enforcement Directorate (ED) to declare him a fugitive economic offender and confiscate his assets amounting to Rs 9,000 crores.

The matter, however, was scheduled to be heard in March after the Holi break of the court.

The 63-year-old beleaguered businessmen flew out from India in March 2016 and has been living in the United Kingdom since then.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 31 2020 | 8:29 AM IST

Next Story