The finance minister has stated that banks have recovered Rs 14,131 crore by selling Mallya’s assets. However, the businessman has a number of other hurdles to cross before he can come back to India.
It would look like Vijay Mallya, the business tycoon who owned the beleaguered Kingfisher Airlines and has been living in Britain as a fugitive since 2016, has a good reason to be upset. On Tuesday, finance minister Nirmala Sitharaman told the Lok Sabha that the Enforcement Directorate and public sector banks have recovered a total of Rs 14,131 crore by selling Mallya’s assets.
Mallya was quick to respond, pointing out a day later on social media platform X that the government has recovered twice the debt he owed, and hence he is entitled to relief. That sounds logical. The Morning …
Disha is a writer at The Morning Context. She has previously worked at the digital production desk of Reuters. Prior to that, she was a sub-editor at Deccan Herald.
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