India Abroad

Vijay Mallya Releases Letters Sent To The PM And the Finance Minister

| June 26 , 2018 , 16:35 IST

Industrialist Vijay Mallya, accused of Rs 9000 crores fraud and money laundering broke his silence and issued a five-page media statement.

“Some of the lending banks have labeled me a wilful defaulter, and I found myself as a poster boy of bank default and a lightning rod of public anger,” Vijay Mallya.

He alleged that Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have filed charge sheet against with untenable and blatantly false allegations acting at the behest of the Government and lending Banks. 

Mallya also mentioned that he had made two settlement offers of Rs 4,000 crores (plus the assignment of a claim in a pending suit of approximately Rs. 2,000 crores) against the outstanding Principal amount of approximately Rs. 5,000 crores to the Banks when proceedings were filed against him in the Supreme Court of India on 29th March 2016 and 6th April 2016.

Mallya said that he wrote letters to both Prime Minister and Finance Minister on 15th April 2016 but did not get any response.

Also Read: Vijay Mallya Directed To Pay Rs 1.8 Crore To Indian Banks By UK Court For Legal Expenses

He also wrote a letter to Chairperson of SBI on 10th May 2016, 2nd June 2016 and 10th June 2016 seeking settlement discussions.