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15 people have been declared Fugitive Economic Offenders (FEO). Vijay’s name is included in this.
London-based businessman Vijay Mallya again accused the Indian government of injustice late on Wednesday night. He said that he is unable to return to India due to the ongoing legal process in Britain.
Mallya claimed that the Enforcement Directorate (ED) has admitted to recovery of more than Rs 14,000 crore from him in the affidavit filed in the Bombay High Court. This amount was given to those banks to which they owed money.
Mallya also made several posts on X late Wednesday night. In these he referred to the recent CJP-led protests and said that injustice is still being done to them.
Vijay also said in a post, “Looking at the injustice being done to me, I feel that I should become a cockroach. Maybe I can live a better life by becoming a cockroach.”
Vijay Mallya is accused of defaulting on loans worth ₹9,000 crore taken from several banks, including SBI, for the now defunct Kingfisher Airlines.
Mallya’s claim- ED returned Rs 14 thousand crores to banks
Referring to the ongoing cases against him, Mallya said, “I want to say again that ED, which is considered the most dangerous criminal agency, has confirmed in the affidavit filed in the court that it gave more than Rs 14,000 crore to banks in 2021. If you do not believe what I say, then forget it. Pay attention to what ED has said.”
Mallya also mentioned his post on Tuesday. He had said that he was not a fugitive and the legal process in Britain had prevented him from returning to India.
He said that returning money to banks is not dependent on their physical presence in India. Mallya wrote, “Thank you for the mixed reactions to my post. Love and hate go hand in hand. I accept your opinion with respect.”
He further said, “Those who do not understand the difference between permanent residence and citizenship, and who believe that returning money is dependent on physical presence, should think again.”
Claim of ban on leaving Britain
Mallya had said on Tuesday that he has been a permanent resident of Britain since 1992. He claimed that he was not legally allowed to leave Britain.
“Those who call me a fugitive who refuses to come to India should know that I have been a permanent resident of the United Kingdom since 1992. I am currently legally prevented from leaving this country,” he wrote in a social media post.
Mallya had said that it all started with the ‘poster boy’ action of the Indian government in his case. He had accused the government of adopting a very unjust attitude against him.
Claim of Rs 14,131.60 crore in ED affidavit
Mallya shared a part of the affidavit filed by the ED in the Bombay High Court. He claimed that it mentions the recovery of Rs 14,131.60 crore from him.
He wrote, “Affidavit filed by ED in Bombay High Court. Paragraph 7 shows fixed debt and paragraph 17 shows Rs 14,131.60 crore recovered in 2021.”
Mallya said that even after five years he is being described as a person who cheated the banks. He also shared a table showing the account of recovery. Mallya claimed that he has been wrongly described as a fugitive.
He wrote, “Those who believe in fair and accurate accounting should look at this table. Is it right for the media to target me like this and call me a fraud at the very beginning of a journalist’s script? Why not start asking when I will get my refund?”
Flee the country in March 2016, declared a fugitive in 2019
Vijay Mallya fled to the UK in March 2016. After this, in the year 2019, the authorities declared him a fugitive economic offender under the Fugitive Economic Offenders Act (FEOA).
Under the law, authorities have the right to confiscate his properties. The Indian government is continuously trying to extradite him from the UK.
What is the Fugitive Economic Offenders Act (FEOA)?
The FEOA law is designed to crack down on economic offenders who flee the country to avoid arrest and action by Indian courts.
Under this law, the courts get the right to attach the properties of the accused in the country and abroad and recover the dues of the banks by auctioning/selling them even before the hearing of the case is completed.
Bombay High Court had given final extension in February
In February this year, the Bombay High Court had reprimanded Vijay Mallya. The court had said that a person who deliberately avoids court proceedings cannot demand equitable relief.
The court had told Mallya that this is the last chance, he should tell whether he wants to return to India or not. Mallya’s petition challenges the Fugitive Economic Offenders Act and declaring him a fugitive.
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Bombay High Court said- end Mallya-SBI dispute: This is having a bad impact on the country’s economy.
Bombay High Court has now said to end the ongoing commercial dispute between fugitive businessman Vijay Mallya and banks. The court has also sought details of the current status of investigation and attached properties from the Enforcement Directorate i.e. ED in this case.Read the full news…
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