Mallya’s Money, Not Him­self

The Economic Times - - The Edit Page -

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.

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