Fugitive tycoon Vijay Mallya has stated recently in a series of tweets that the consortium of Indian banks has already attached much more than the amount he owed them. He also stated that the banks are now trying to prevent him from paying his tax dues in the UK.
Mallya alleged that every morning, he wakes up to the news of another attachment by the Debts Recovery Tribunal (DRT) of his properties in India. He added that the total value of the properties attached so far has crossed Rs 13,000 crores already.
Mallya alleged that as the banks have claimed that the total debts he owes to them stand at Rs 9000 crores including all dues and taxes, which is further subject to review.
Claiming that the value of his attached assets has now crossed Rs 13,000 crores, Mallya claimed that still he is being painted as the one who ran away with the money.
Mallya further added that despite all the attachments of his properties, the banks through their lawyers in the UK are further harassing him by pursuing multiple frivolous litigations against him. He accused the banks of spending public money on legal fees in a brazen manner.
Mallya further stated that the lawyers of the banks have also objected in writing to him paying his legitimate tax dues to Her Majesty’s Revenue and Customs (HMRC). Claiming an irony, Mallya stated that the Indian banks want his money in England to settle a debt that is already settled through attachments while denying the UK taxpayers their due by stopping him from paying his taxes.
Mallya was declared a fugitive economic offender on January 5 this year, paving way for the Indian authorities to seize his assets for the recovery of his debt
A court in the UK had ordered Mallya’s extradition after many diplomatic negotiations and legal tussles in London. Mallya had left the country in March 2016 and has been a fugitive since.
India has recently successfully extradited AgustaWestland middleman Christian Michel and has already extradited two top-level corporate lobbyists named Rajiv Saxena and Deepak Talwar this week. Seeing Mallya’s meltdown on Twitter, it can be assumed that Mallya is now wary of his imminent extradition and the subsequent trials.