Banks Will Recover Every Penny From Vijay Mallya, Says Arun Jaitley

Liquor baron Vijay Mallya, who flew aboard recently without paying debt of Rs 90 billion to banks, was the point of conflict in parliament on March 10.

While retorting to the attacks from opposition, Finance minister Arun Jaitley said:

“The banks are taking all steps to recover every paisa taken from them. You could not stop him or arrest him. I can share the details.”

During the plea hearing of 17 banks yesterday, who wanted Mallya to be stopped from leaving India, the government told the Supreme Court that he went abroad on March 2.


Finance minister Arun Jaitley morningflash

Finance minister Arun Jaitley

Congress leader Rahul Gandhi accused the government of allowing Vijay Mallya to stole 9,000 crores and run away from India.

His party leader Ghulam Nabi Azad also said, “This government is part and party in the criminal conspiracy in him fleeing the country.”

Azad added:

“When so many agencies were interrogating him, why wasn’t he arrested, why wasn’t his passport taken away? He is a tall and well-endowed man and travels with a whole cavalcade. How can he disappear?”


Vijay Mallya forbes

Vijay Mallya

Minister of State for Parliamentary Affairs Rajiv Pratap Rudy said that Vijay Mallya is not a saint for them.

“Has a single penny been given by NDA government? All which has gone was given by UPA government,” he said.

The finance minister pointed out that the it was Congress which never took any steps to recover the loans despite being in power for 10 years. He added, “As far as accounts are concerned, first sanction was made by the consortium of banks in September 2004. These dates speak for themselves.”

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