Why PM Modi is not instructing banks to take money: Vijay Mallya

New Delhi | Fugitive businessman Vijay Mallya on Thursday in a series of tweet asked Prime Minister Narendra Modi that why isn’t he instructing the bank to take the money after claiming that he already made a settlement offer before the Karnataka High Court.

Referring to PM Modi’s speech on the last day of Parliament, Mallya wrote, “Prime Minister, in his last speech in Parliament, referred to an unnamed person who ‘ran away’ with Rs 9,000 crore. Given the media narrative, I can only infer that reference is to me. I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher.”

Questioning the banks over the recovery of loans given to Kingfisher Airlines, Mallya wrote,”I have made the offer to settle before the Hon’ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA ?”

The liquor baron also responded to media reports on Enforcement Directorates claim that he hid his wealth. He wrote,” Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of Court ? Shameful misleading of public opinion but unsurprising.”

Under the fugitive economic offender’s act, the liquor baron became the first businessman to be declared as fugitive economic offender last year. Mallya left India on March 2, 2016 after defaulting on loan amounting to Rs 9,000 crore he had taken for Kingfisher airlines.

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