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'And I'm still an economic offender...': ?14,131.6 cr recovery by FM Sitharaman is 'double my debt', says Vijay Mallya


//business-finance.news-articles.net/content/202 .. haraman-is-double-my-debt-says-vijay-mallya.html
Published in Business and Finance on by Business Today   Print publication without navigation

Mallya's response came after Finance Minister Nirmala Sitharaman informed the Lok Sabha that public sector banks have recovered ₹14,131.6 crore from the sale of his assets. This recovery is part of a larger drive by the Enforcement Directorate (ED ...

The article from Business Today discusses Vijay Mallya's reaction to Finance Minister Nirmala Sitharaman's statement in Parliament about recovering Rs 14,13,16 crore from economic offenders. Mallya, who is currently in the UK and facing extradition to India for financial fraud, sarcastically remarked that the amount recovered is double his own debt, which he claims is Rs 6,963 crore. He criticized the government's focus on him while highlighting that the recovery from other economic offenders is significantly higher. Mallya also mentioned that he has been labeled an economic offender despite his efforts to settle his debts, and he questioned the fairness of the legal proceedings against him.

Read the Full Business Today Article at:
[ https://www.businesstoday.in/india/story/and-im-still-an-economic-offender-rs141316-cr-recovery-by-fm-sitharaman-is-double-my-debt-says-vijay-mallya-457843-2024-12-19 ]

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