Intense hate campaign against me by media knows no bounds: Vijay Mallya

Former Indian politician and billionaire businessman Vijay Mallya, centre, arrives for his extradition hearing arrives at Westminster Magistrates Court in London.

1497369286-5445

After mocking India saying “keep dreaming about a billion pounds”, fugitive loan defaulter Vijay Mallya took on the media for running an “intense hate campaign” against him.

“Intense hate campaign by Indian media against me knows no bounds. The GOI (Government of India) has filed a case which is before a UK court. Wait for verdict,” he tweeted.

The Twitter post came after a London court pushed back the date of a hearing to decide whether he should be extradited to India.

Intense hate campaign by Indian media against me knows no bounds. The GOI has filed a case which is before a U.K. court. Wait for verdict.

— Vijay Mallya (@TheVijayMallya) June 14, 2017

Current Affairs : Mallya has had run-ins with the media previously as well. After his brazen appearance at a Champions Trophy cricket match, he had on June 4 tweeted: “Wide sensational media coverage on my attendance at the India vs Pakistan match at Edgbaston. I intend to attend all games to cheer the Indian team.”

On Tuesday, the 61-year-old liquor baron had claimed he has “enough evidence” to plead his case in the Rs 9,000 crore loan default case and taunted India saying, “you can keep dreaming about a billion pounds”.

“I deny all allegations that have been made and I will continue to deny them,” he said after appearing before the Westminster Magistrates’ Court for the hearing of an extradition case against him.

Chief Magistrate Emma Louise Arbuthnot granted him bail until December 4. The next hearing has been set for July 6.

He denied media reports that he was booed by Indian cricket fans when he arrived to watch the India vs South Africa cricket match at The Oval on Sunday, saying only a “couple of drunk” people had chanted “chor, chor” (thief, thief) but there were several others who came up to him and wished him well.

Advertisements

SBI reportedly writes off bad loans of Rs 7,016 cr; Cong rakes up issue in Parliament

The clean-up drive saw the bank forgoing almost Rs 1,201 crore in dues owed by Vijay Mallya’s defunct Kingfisher Airlines

big_407672_1457862220

The State Bank of India has cleaned up non-performing assets worth Rs 7,016 crore from its books by writing off loans given to 63 wilful defaulters, Daily News & Analysis reported on Wednesday. Of the 63 accounts, 31 have been partially written off and six shown as NPAs.

The clean-up drive saw the bank forgoing almost Rs 1,201 crore in dues to Vijay Mallya’s defunct Kingfisher Airlines, which is at the top of the list of wilful defaulters. In other words, loans given to Kinfsiher Airlines will no longer be shown in the bank’s balance sheet, though the airline has outstanding dues of almost Rs 1,201 crore. Some of the other prominent defaulters who feature in the write-off list are KS Oil (Rs 596 crore), Surya Pharmaceuticals (Rs 526 crore), GET Power (Rs 400 crore) and SAI Info System (Rs 376 crore).

The Congress party immediately reacted to the article and linked it to the government’s demonetisation drive. “As Modiji‘s blue-eyed boy Vijay Mallya gets a Rs 1,200-cr write-off, fighting black money is political hypocrisy at its worst,” said Congress leader Randeep Singh Surjewala.

Even Congress leader Anand Sharma expressed apprehensions that the money received from people migth be used to recapitalise the banks and wipe out Rs 6 lakh crore of non-performing assets of big industrialists.

“The Non-Performing Assets (NPAs) are to the tune of Rs 6 lakh crore. Do they want to utilise the money deposited by people in banks to wipe out the NPAs (on account) of industrialists who have played fraud on the country?” party spokesman Kapil Sibal said at a briefing by the All-India Congress Committee.

He claimed that the Reserve Bank of India RBI would transfer the money to the government, which would recapitalise banks and clear their balance sheets, and the “whole thing has nothing to do with black money; it is a compromise on black money and with NPAs”.

Even Delhi Chief Minister Arvind Kejriwal has called demonetisation the biggest scam.

“This is what we feared. The hard-earned money of people will be put into banks to write off the loans of crorepatis. They have already started doing it,” he said on Twitter.”

READ OUR FULL COVERAGE OF THE MODI GOVT’S DEMONETISATION MOVE

Want to come to India but passport suspended: Vijay Mallya

Can’t Attend Court, Passport Was Cancelled, Claims Vijay Mallya

1461669445-8064

Liquor baron Vijay Mallya on Friday informed a Delhi court that he wants to come to India but is unable to travel back as his passport has been suspended by Indian authorities.

Mallya made the submission through his counsel before Chief Metropolitan Magistrate Sumit Dass in a case lodged for allegedly evading summons in connection with a FERA violation matter.

On July 9, the court had cancelled the exemption from personal appearance granted to him and had directed him to appear before it.

In his application moved through senior advocate Ramesh Gupta, Mallya requested the court that some time be given so that his appearance can be secured.

The counsel submitted the copy of an email sent by Mallya, stating that his passport was suspended on April 23, 2016 without giving him any opportunity of being heard.

Enforcement Directorate (ED), however, told the court that Mallya is already evading proceedings in several other cases and sought time to reply to the plea moved by him on Friday.Read More