Net worth of Rs 615 crore, but owns no real estate
Liquor baron has left for UK, reveals Centre
Mallya, 60, is facing legal proceedings in India for allegedly defaulting on loans worth over Rs 9,000 cr from various banks
With reference to the editorial, "Lax legal system allows defaulters like Mallya to get away" (March 10), it's unbelievable that Vijay Mallya has left the country despite a lookout notice issued against him by the Central Bureau of Investigation. It's even harder to believe that he is a member of Parliament.The entire episode is proof that crony capitalism has grown deep roots in the country and that banks drag their feet when big names are involved. These banks have suddenly woken up from their slumber and are shedding crocodile tears now. But they had virtually co-opted Mallya, the proud owner of the erstwhile Kingfisher Airlines, during his heyday.There are enough reasons to suspect that the top brass of these banks were hand in glove with the tycoon and his dirty tricks. No wonder the Supreme Court has taken these banks to task and posed several "inconvenient" questions to them. Despite a plethora of laws and powerful institutions - the Securitisation and Reconstruction of Financia
The bank also refuted media reports purportedly blaming SBI, for the crisis and termed these as based on 'hearsay and conjecture'
All those who allowed him to use the banking system as his personal ATM should be named and shamed
Jaitley said Ottavio Quattrocchi was allowed to leave the country during the Congress regime despite a CBI request to impound his passport
He also said that Modi has failed to fulfill promises he made to people for bringing back black money
Jaitley said the sanction of money made to Mallya was during the UPA regime
Mallya later sold Best and Crompton to an Indonesian group
Ghulam Nabi Azad accused BJP of not arresting Mallya, while Arun Jaitley said it was under UPA regime when Mallya went abroad
Open letter by ex-employees accuses industrialist of rendering hundreds of people jobless
Has not informed Rajya Sabha secretariat about his whereabouts or that he would be leaving country
Stage protest outside airline's former office in Mumbai, currently under sale by banks
Former CFO of UB Holdings, who opposed launch of Kingfisher Airlines, says he is retiring
The All India Bank Employees Association (AIBEA) has demanded a parliamentary probe into the into the issues related to Kingfisher. The association said that this is needed to bring out in public that how the loan was processed and sanctioned by Banks, the role of Reserve Bank of India and why timely action was not taken to recover the bad loan.In a statement issued today, the association demanded the government to order extradition and force a trial on Vijay Mallya, if he has moved out to United Kingdom."It is shocking and a matter of dismay that the Government has informed the Supreme Court that Vijay Mallya has already fled to UK when nearly Rs 10,000 crore of loan is due by him to the Banks in India. It is not a sudden development that Kingfisher Airline is a defaulter. For the past few years, the issue is going on," stated the association. It maintained that Banks did not even declare him as a willful defaulter. "It is reported that while sanctioning the loan, brand value of ...
SC issues notice to Mallya, gives him two weeks to respond
The Supreme Court agreed to hear on Wednesday a plea filed by a consortium of 17 PSU banks seeking to restrain Vijay Mallya from leaving India
The Times of India reports that Vijay Mallya may have already moved abroad along with the first tranche of $75 million settlement he made with Diageo
They also said that they couldn't claim income tax refunds and also their provident fund due