'Every penny' that is due will be recovered from Mallya, says Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Thursday declined specific comment if his government considered industrialist Vijay Mallya an absconder but sought to assure that every penny that is due from him to state-run banks will be recovered.

Answering a specific question at the India Today conclave on Mallya, who is said to owe Rs.9,000 crore to 17 banks, most of them in the state sector, the finance minister said every agency in India, be it for enforcement or investigation, was on the job regarding the case.

Arun Jaitley. File photo. PTI

Arun Jaitley. File photo. PTI

"The facts are very clear: Every government agency will take strong action against him. Banks will go all out to recover every single penny," Jaitley said about Mallya who left the country earlier this month amid charges of wilful default on bank loans worth thousands of crores.

Even as Jaitley was speaking, a consortium led by the State Bank of India was preparing for the auction of Mallya's Kingfisher House at Jogeshwari in Mumbai, in a bid to recover a part of the the nearly Rs.7,000 crore debt due from the now grounded Kingfisher Airlines alone.

IANS


Updated Date: Mar 17, 2016 12:05 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See