Mallya’s Money, Not Himself
Freezing Vijay Mallya’s diplomatic passport doesn’t make sense if he continues to evade the enforcement agencies. New Delhi should be practical and try to recover the money he owes to Indian banks and financial institutions. Mallya still has substantial shareholdings in various listed companies in India, apart from large properties. All his assets should be impounded and sold. The balance dues, if any, could be recovered by trying to get him to India or getting in touch with tax authorities of countries where he has assets. Rajya Sabha rules too should be changed so that no more Mallyas get into the Parliament.