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LD MALLYA 3

first_imgIn his resignation letter, Mallya had said that he In his resignation letter, Mallya had said that he received a letter by panel Chairman Karan Singh regarding “purported default” by Mallya in the “repayment of bank loans”, which have “not been reflected” in his declaration of Assets and Liabilities.Appending a copy of his reply to Karan Singh, Mallya, had, however, asserted,”the allegations against me are blatantly false and baseless”.”I am shocked that the Department of Financial Services, Ministry of Finance, Government of India has provided factually wrong information to a Parliament committee,” he had added.The committee had sought details of the liabilities on Mallyas airline Kingfisher from 13 banks, which furnished their replies according to which the total liability on Mallyas company is Rs 9431.65 crore. Of this, IDBIs liability alone is Rs 1687.04 crores followed by Punjab National Banks Rs 1223 crore.The committee decided to crack the whip on the ground that Mallya never declared these liabilities in the last ten years, which a member is supposed to do annually.Enforcement Directorate had a fortnight back written to 17 banks and a clutch of probe agencies to prepare a water-tight case against Mallya who is being probed for money laundering charges in the IDBI alleged loan fraud case.In a step closer to initiating his deportation, the government had over a week ago revoked the passport of Mallya who is believed to be in the UK after leaving India on March 2.According to rules, a Member who intends to resign his seat in the Rajya Sabha has to intimate this in writing under his hand addressed to the Chairman, his intention to resign his seat in the Council. PTI AMR PALadvertisementlast_img read more

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