Tag: Vijay Mallya

Economic offenders who fled the country owe ₹39,000 crores to Indian Banks?

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Economic offenders who fled the country owe ₹39,000 crores to Indian Banks?

Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. Despite having arrest warrants issued against them, these FEOs have left India and refuse to return to avoid criminal prosecution. Of this, the principal amount owed is ₹26,645 crore, while interest accounts for ₹31,437 crore. To date, banks have…

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Business

Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets

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Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets

Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him. New Delhi: Fugitive businessman Vijay Mallya on Wednesday said that banks have recovered Rs 14,131.60 crore from him “against the judgement debt of Rs 6,203 crore” but he continues to be “an economic offender”. He said in a post on X that unless…

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Nation

15,000 Crore Of Vijay Mallya, Nirav Modi’s Assets Restored To Banks: Centre

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15,000 Crore Of Vijay Mallya, Nirav Modi’s Assets Restored To Banks: Centre

New Delhi: Properties worth Rs 14,131 crore – that once belonged to Vijay Mallya – have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman’s substantial debts, Finance Minister Nirmala Sitharaman told Parliament Tuesday. Ms Sitharaman told the Lok Sabha the Enforcement Directorate had, in…

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Nation

Non-Bailable Warrant Issued Against Vijay Mallya In 180-Crore Loan Default Case

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Non-Bailable Warrant Issued Against Vijay Mallya In 180-Crore Loan Default Case

Vijay Mallya was declared a Fugitive Economic Offender in January 2019 by a special court. Mumbai:  A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB). The NBW was issued against Mallya on June 29 by…

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Nation

Case Against YouTube Channel In Punjab For Defaming AAP MP

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Case Against YouTube Channel In Punjab For Defaming AAP MP

The complainant accused the channel of using defamatory and “misleading content” New Delhi: Punjab Police have registered a First Information Report (FIR) against a YouTube channel for allegedly equating Aam Aadmi Party (AAP) MP Raghav Chadha with fugitive Vijay Mallya. The FIR against the YouTube channel ‘Capital TV’ was filed on the complaint of Vikas…

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Nation