Mallya to SC: Banks have no rights over my assets overseas
NEW DELHI / MUMBAI: Liquor baron Vijay Mallya refused on Thursday to divulge details of his overseas assets to anyone other than the SC, saying these were not acquired with loans from Indian banks to his nowdefunct Kingfisher Airlines.
The 60-year-old Rajya Sabha MP is said to be in Britain after he left India on March 2 and the enforcement directorate (ED) has approached the foreign ministry to initiate his deportation after a Mumbai court issued a nonbailable warrant against him.
Mallya, accused of money laundering and loan defaults, told the top court that he will submit details of his overseas properties in a sealed envelope on April 26. But he asked the court not to reveal the content to a consortium of 17 banks whom he allegedly owes more than Rs9,000 crore.
Mallya declared that he, his wife and children collectively own Rs780 crore worth of overseas assets but Indian banks have no jurisdiction over these properties. CONTINUED ON P9