Agencies are trying to get Mallya back, says Jaitley

Agencies are trying to get Mallya back, says Jaitley

IANSUpdated: Thursday, May 30, 2019, 08:32 AM IST
article-image

New Delhi:  Union Finance Minister Arun Jaitley said on Friday that relevant agencies are trying to get liquor baron Vijay Mallya back in India and the issue was discussed during his recent visit to London.  “Relevant agencies are trying to get him back through extradition or deportation.

Diplomatic channel is also being used,” Jaitley said in the Lok Sabha during Question Hour.  He was responding to Trinamool Congress member Saugata Roy’s query. Roy wanted to know about the steps being taken by the government against high profile economic offenders like Mallya and Lalit Modi, reports IANS.

“In the last two-and-a-half years, government has taken a series of steps. Under Prevention of Money Laundering Act, attachment orders against Mallya have been issued by ED (Enforcement Directorate). Assets worth Rs. 8,040 crore were attached,” Jaitley said.  “I had also an opportunity during my recent visit to discuss the issue with concerned authorities, including my counterpart,” he said.  Mallya owes Rs 9,200 crore to the banks. While Rs 8,040 crore worth of his properties have been attached, he also has income tax dues of about Rs 2,000 crore.  Jaitley  said that there are provisions in place like issuing Red Corner notice and seizing passport to ensure that the offenders do not flee, but some find their way out.

RECENT STORIES

Germany’s Chancellor Merz Declares India Key Partner In Trade, Defence & Technology During...
Germany’s Chancellor Merz Declares India Key Partner In Trade, Defence & Technology During...
Kolkata Real Estate Developers Urge Union Budget To Revise Affordable Housing Definition, & Boost...
Kolkata Real Estate Developers Urge Union Budget To Revise Affordable Housing Definition, & Boost...
Executive Centre India Gets SEBI Nod For ₹2,600 Crore IPO, Entirely Fresh Issue To Fund...
Executive Centre India Gets SEBI Nod For ₹2,600 Crore IPO, Entirely Fresh Issue To Fund...
Groww Q3 Revenue Rises To ₹1,216 Crore, Q3 Net Profit Dips 28%, Contrasting With Q1 & Q2 Growth...
Groww Q3 Revenue Rises To ₹1,216 Crore, Q3 Net Profit Dips 28%, Contrasting With Q1 & Q2 Growth...
India’s Real Estate Sector Hits Record $14.3 Billion Capital Inflows In 2025, Up 25% YoY
India’s Real Estate Sector Hits Record $14.3 Billion Capital Inflows In 2025, Up 25% YoY