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Modi Govt facilitated escape of Vijay Mallya: Congress

9/13/2018

New Delhi, Charging the Narendra Modi Government with facilitating the escape of industrialist Vijay Mallya, involved in the Rs 9,000-crore bank fraud, the Congress on Thursday said no action was taken against Mallya for the bank fraud, despite registration of an FIR by CBI on July 29, 2015 for financial irregularities and diversion of funds. Alleging that the consortium of 17 banks led by SBI had moved ‘Debt Recovery Tribunal’ for action against Mallya on February 28, 2016 but were advised to move the Supreme Court within 24 hours so that Mallya did not escape from India, the Congress asked as to who directed the banks not to act and delay filing of the case in the Supreme Court, until March 5, 2016, so that Mallya could escape on March 2, 2016? Talking to reporters here, AICC media incharge Randeep Surjewala said, 'on July 29, 2015, the CBI filed an FIR against Vijay Mallya for financial irregularities and diversion of funds. However, no action was taken against Mallya for the Rs 9,000-crore bank fraud. Also, CBI's ‘Look Out Notice’ dated October 16, 2015 to ‘Detain Vijay Mallya’ was changed into a mere ‘Inform Notice’ on November 23, 2015. When the consortium of 17 banks led by SBI had moved ‘Debt Recovery Tribunal’ for action against Mallya on February 28, 2016; they were advised to move the Supreme Court within 24 hours so that he did not escape from India. However, the banks did not act and delayed filing of the case in the Supreme Court, until March 5, 2016, so that Vijay Mallya can escape on March 2, 2016.' Alleging that the Modi Government permitted Mallya to receive millions of dollars in India and abroad from ‘Diageo’ - the Indian company paid a sum of 40 million US dollars to the businessman as part of an agreement dated February 25, 2016 and 58 million US dollars to Mallya in two tranches of South African Breweries as also 141 million US dollars to Standard Chartered Bank on a loan taken by Mallya’s UB Group Company and 42 million US dollarts on a loan taken by Mallya’s United Breweries Overseas Ltd, Mr Surjewala said, 'if this is true, why couldn’t the Rs 9,000 crore owed to Indian banks then be recovered?' Mr Surjewala said it was now clear that it was the Modi Government that was facilitating the escape of those who looted public money from the banks. Posing several questions to the Modi Government, Mr Surjewala said, 'why was no action taken against Vijay Mallya for the Rs 9000 crore bank fraud, despite registration of an FIR by CBI on July 28, 2015 for financial irregularities and diversion of funds? Who asked CBI to change its ‘Look Out Notice’ dated October 16, 2015 to ‘Detain Vijay Mallya’ into a mere ‘Inform Notice’ on November 23, 2015? The consortium of 17 banks led by SBI had moved ‘Debt Recovery Tribunal’ for action against Mallya on February 28, 2016. They were advised to move the Supreme Court within 24 hours so that Vijay Mallya does not escape from India. Who directed the banks to not to act and delay filing of the case in the Supreme Court, until March 5 2016, so that Vijay Mallya can escape on March 2, 2016?' Mr Surjewala asked as why Finance Minister Arun Jaitley met and discussed the loan default of Rs 9,000 crore with Mallya in Parliament. 'Is it legally, ethically and morally correct on part of Shri Arun Jaitley to hold such discussions with an Economic Offender against whom banks have filed a case?' Admittedly, Vijay Mallya informed Shri Arun Jaitley that he was ‘leaving for London’. Despite knowing about Mallya’s intent of escape of India, why did Shri Jaitley not tell CBI/ED/SFIO/External Affairs Ministry to detain and arrest Vijay Mallya? Was he being tipped to escape,' he said. 'How did Modi Government permit Vijay Mallya to receive millions of dollars in India and abroad from ‘Diageo’? Is it not correct that Diageo paid a sum of 40 million US dollars to Vijay Mallya as part of the agreement dated February 25, 2016 and 58 million US dollars to Mallya in two tranches of South African Breweries? Is it also not correct that Diageo paid 141 million US dollars to Standard Chartered Bank on a loan taken by Mallya’s UB Group Company and 42 million US dollars on a loan taken by Mallya’s United Breweries Overseas Ltd? Why couldn’t the Rs 9000 crore owned to Indian banks then be recovered?' he asked. On BJP's national executive member Subramanian Swamy retweeting his June 12 tweet in which he had wondered who was behind the change in CBI's ‘Look Out Notice’ dated October 16, 2015 to ‘Detain Vijay Mallya’ into a mere ‘Inform Notice’ on November 23, 2015, Mr Surjewala said Mr Swamy's comments proved that even those in the BJP were alleging the involvement of someone powerful in the government.

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