Mallya to SC: Banks have no rights over my as­sets over­seas

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dents let­ters@hin­dus­tan­

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

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