Vijay Mallya advised the banks with folded palms within the court docket

by Jeremy Spirogis
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London: Fugitive Sharab businessman Vijay Mallya, on Thursday, appeared within the British High Court with folded palms and mentioned that Indian Banks ought to instantly withdraw all their cash. Outside the Royal Court of Justice, Malaya mentioned in a press release that I’m prepared to present again 100% of the principal to the Indian financial institution. <! –

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                 He mentioned that the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) didn’t deal with him nicely.

In truth, 64-year-old Vijay Mallya, the previous proprietor of Kingfisher Airlines, is accused of fraud and cash laundering in India, which is being investigated by the Enforcement Directorate and the CBI. Mallya has a financial institution mortgage of Rs 9,000 crore.

Mallya mentioned that he didn’t commit any crime below the PMLA (Prevention of Money Laundering) Act, however the Enforcement Directorate hooked up my property to the banks' criticism that "I am not paying".

Mallya accused the Enforcement Directorate that the Enforcement Directorate is refusing to take the cash whereas he is able to pay your entire cash. Mallya mentioned that we’ve claims on these properties. So the Enforcement Directorate on one facet and the banks on the opposite facet are combating on the identical property. Mallya mentioned that, what they’ve been doing to me for the final 4 years is totally unfair.

At the identical time, Prosecution mentioned that 32 thousand web page proof has been introduced in opposition to Mallya. For your data, allow us to inform you that Vijay Mallya is on bail on extradition warrant. It just isn’t essential for him to attend the listening to, however he’s coming to court docket. When requested about going again to India, Mallya mentioned that I need the place the place my household is.

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