It was a stormy week for the beleaguered tycoon Vijay Mallya. Or rather, it was a stormy week because of him.
The Parliament raged over him. The Congress walked out. Political parties engaged in their usual blame game and as expected, it resulted in no positive outcome.
Vijay Mallya is still in London and on Sunday he told the world via Twitter to leave him alone.
In a candid interview with the British newspaper Sunday Guardian, the chief of now defunct Kingfisher Airlines, said that he wants to return to India but the time is not right.
"It’s not the first time I’ve flown out from the country. I’ve not done anything wrong. I don’t need anyone to tip me off about anything. Most of the big media houses are running a whole lot of lies about me. Speculations rule the papers. TV channels claim to have information about me from their sources. It’s a big agenda that some people are pushing against me. I am being victimised."
Mallya said he left India due to a "personal visit with a friend" and appeared to shift the blame of the massive loan default to the banks. "There was a lookout notice issued against me last year. But I didn’t 'escape'. Why am I being portrayed as a criminal now?" he said.
Mallya owes a consortium of 17 public sector banks an amount close to Rs 9,000 crore. The Supreme Court had issued a notice to him on a plea filed by the consortium, including State Bank of India, seeking to prevent him from leaving India and impounding his passport. Mallya fleeing off to London has put the Indian government in a new fix. Even though the Supreme Court's notice to Mallya does not have the power to bring him back, it certainly has a lot of persuasive charm.
The 2 March departure of Mallya has sparked uproar in Parliament and a firestorm in domestic media that pore over the lifestyle one of India's brashest entrepreneurs. Questions centre on how Mallya was allowed to leave even after creditors of his failed Kingfisher Airlines had appealed to the Supreme Court to ensure he stayed in the country.
14/03/16 F.India
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The Parliament raged over him. The Congress walked out. Political parties engaged in their usual blame game and as expected, it resulted in no positive outcome.
Vijay Mallya is still in London and on Sunday he told the world via Twitter to leave him alone.
In a candid interview with the British newspaper Sunday Guardian, the chief of now defunct Kingfisher Airlines, said that he wants to return to India but the time is not right.
"It’s not the first time I’ve flown out from the country. I’ve not done anything wrong. I don’t need anyone to tip me off about anything. Most of the big media houses are running a whole lot of lies about me. Speculations rule the papers. TV channels claim to have information about me from their sources. It’s a big agenda that some people are pushing against me. I am being victimised."
Mallya said he left India due to a "personal visit with a friend" and appeared to shift the blame of the massive loan default to the banks. "There was a lookout notice issued against me last year. But I didn’t 'escape'. Why am I being portrayed as a criminal now?" he said.
Mallya owes a consortium of 17 public sector banks an amount close to Rs 9,000 crore. The Supreme Court had issued a notice to him on a plea filed by the consortium, including State Bank of India, seeking to prevent him from leaving India and impounding his passport. Mallya fleeing off to London has put the Indian government in a new fix. Even though the Supreme Court's notice to Mallya does not have the power to bring him back, it certainly has a lot of persuasive charm.
The 2 March departure of Mallya has sparked uproar in Parliament and a firestorm in domestic media that pore over the lifestyle one of India's brashest entrepreneurs. Questions centre on how Mallya was allowed to leave even after creditors of his failed Kingfisher Airlines had appealed to the Supreme Court to ensure he stayed in the country.
14/03/16 F.India
