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Government assessing options to bring Mallya back

Press Trust of India  |  New Delhi 

The is assessing how to bring Vijay Mallya back to and start judicial proceedings against him, Union Minister Santosh Gangwar said today on a day when the defaulter businessman was arrested in and released later on bail.

"We are now assessing the facts (as to) how we can bring him back into the country and start judicial proceedings against him," he told reporters here.

The government, he said, will leave no stone unturned to bring to justice anyone indulging in financial irregularities.

"During elections, Prime Minister Nodi had talked about bringing back... And of strong steps against economic offenders," he said.

With Minister reportedly taking up Mallya's extradition with the British Prime Minister during her recent visit, Minister of State for Gangwar said loans to the controversial tycoon were granted by public banks during the previous regime.

Mallya, 61, who has been pursued by over unpaid loans tied to his now-defunct Kingfisher Airlines, was arrested in London, but granted bail today.

Since Mallya left the country, the has been looking at steps to bring him back, he said.

"We will not take any such step which could make it appear that we are going against law, and we will not leave any offender who falls under Indian law," Gangwar pointed out.

The has taken steps to recover the loans and "what happened today is part of that move".

"We are taking stringent steps and will not protect any offender," he emphasised.

Asked about bringing other offenders to India, he said it is in process.

"The will leave no stone unturned if anyone is indulging in misappropriation of funds. We are entering into treaties with other countries so that offenders cannot flee. We are on a path to bring the matter within the judicial purview and will assess it further," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 18:42 IST