Saturday, July 07, 2018

Banks working closely with UK to recover Vijay Mallya dues: SBI MD

Indian banks are working very closely with the UK authorities to recover maximum out of assets owned by Vijay Mallya after a British court allowed them to search and seize properties of the fugitive liquor baron, SBI MD Arijit Basu said on Friday. 

"We are very happy with the court order and with this kind of order we should be able to go after this assets," he told reporters.

Without giving a specific number, he said, "We hope to recover significant part (of) our money."   
06/07/18 PTI/Business Standard