US EditionMallya criticises Indian banks over recovery details, drops UK bankruptcy plea
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Vijay Mallya, who has embezzled thousands of crores of rupees from banks, is known to have fled the country and is hiding in Britain. He has recently criticized Indian public sector banks. He has accused several banks of hiding the details of his asset recoveries. He said that the details of the recovered funds have not been officially disclosed. Although the Union Finance Minister of India has clarified that banks have recovered Rs 14,100 crore…
Mallya criticises Indian banks over recovery details, drops UK bankruptcy plea
New Delhi: Fugitive businessman Vijay Mallya has blamed the Indian public sector banks, for not sharing the complete details of recoveries made from his assets, even though the recovered funds are officially confirmed. “The Indian Public Sector Banks who claim monies from me as a guarantor should be ashamed that they have not yet submitted an accurate statement of account of recoveries made despite the Union Finance Minister clearly stating that…
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