With Property Worth Over Rs 13,000 Crore Attached, Vijay Mallya Asks ‘How Far Will It Go?’

Mallya said that his group’s properties worth over Rs 13,000 crore were attached, more than the ‘claimed’ Rs 9,000 crore

PTI @PTI_News

01 Feb 2019, 11:22 AM IST

Embattled tycoon Vijay Mallya leaves Westminster Magistrates’ Court in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Fugitive liquor baron Vijay Mallya on Friday claimed that his group's properties worth over Rs 13,000 crore were attached, more than the “claimed” Rs 9,000 crore that he "ran away with" asking where is justice and how far will it go.

Mallya, who intends to appeal against a UK court's extradition verdict, took to microblogging site Twitter to defend his stance.

The DRT Recovery Officer recently attaches my Group assets worth over 13,000 crores in India on behalf of the Consortium of Banks. Yet the narrative is that I ran away with the claimed amount of 9000 crores causing loss to the Public Sector Banks. Where is Justice or fair play ?
— Vijay Mallya (@TheVijayMallya) February 1, 2019

Every morning I wake up to yet another attachment by the DRT recovery officer. Value already crossed 13,000 crores. Banks claim dues including all interest of 9,000 crores which is subject to review. How far will this go and well beyond ? Justified ??
— Vijay Mallya (@TheVijayMallya) February 1, 2019

And despite all the attachments in India, Banks have given an open licence to their Lawyers in England to pursue multiple frivolous litigations against me. Who is accountable for spending Public money on Legal fees in such a brazen manner ?
— Vijay Mallya (@TheVijayMallya) February 1, 2019

And finally, the Banks Lawyers in England have objected in writing to my paying my legitimate tax dues to HMRC which I requested. Irony is Indian State Banks want my money in England to settle an Indian debt already secured and deny payment to the U.K. tax exchequer. Disgraceful.
— Vijay Mallya (@TheVijayMallya) February 1, 2019

"Yet the narrative is that I ran away with the claimed amount of (Rs) 9000 crore causing loss to the public sector banks. Where is Justice or fair play?," he asked.

Last year in December, Westminster Magistrates' Court Chief Magistrate Emma Arbuthnot had ruled in favour of extradition of Mallya, who is wanted in India for alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore.

Later on, he had stated that he intends to file an application to appeal against the British court's verdict.