Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
fp-logo
If ED, CBI object proposal to sell assets, it'd show agenda beyond dues recovery, says Vijay Mallya
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • If ED, CBI object proposal to sell assets, it'd show agenda beyond dues recovery, says Vijay Mallya

If ED, CBI object proposal to sell assets, it'd show agenda beyond dues recovery, says Vijay Mallya

press trust of india • June 28, 2018, 07:30:57 IST
Whatsapp Facebook Twitter

In a series of tweets a day after claiming that he has become the “poster boy” of bank default and a lightning rod for public anger, Vijay Mallya said he will continue to make every effort to settle dues with the bank

Advertisement
Follow us on Google News Subscribe Join Us
If ED, CBI object proposal to sell assets, it'd show agenda beyond dues recovery, says Vijay Mallya

New Delhi: Fugitive liquor baron Vijay Mallya, who has filed application before Karnataka High Court seeking nod to sell assets worth Rs 13,900 crore to repay debt, on Wednesday said if the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) object to the proposal it will show that there is an agenda against him beyond recovery of dues. In a series of tweets a day after claiming that he has become the “poster boy” of bank default and a lightning rod for public anger, Mallya said he will continue to make every effort to settle dues with the banks. [caption id=“attachment_4242799” align=“alignleft” width=“380”] ![File image of Vijay Mallya. AP](https://images.firstpost.com/wp-content/uploads/2017/12/VIjay-Mallya_AP_3801.jpg) File image of Vijay Mallya. AP[/caption] In his statement yesterday, Mallya had said that UBHL (United Breweries Holdings Ltd) and himself have filed an application before the Karnataka High Court on 22 June, 2018, setting out available assets of approximately Rs 13,900 crore. “We have requested the court’s permission to allow us to sell these assets under judicial supervision and repay creditors, including the public sector banks such amounts as may be directed and determined by the court,” he tweeted.

We have requested the Courts permission to allow us to sell these assets under judicial supervision and repay creditors, including the Public Sector Banks such amounts as may be directed and determined by the Court. If the criminal agencies such as ED or CBI object ... 2/3

— Vijay Mallya (@TheVijayMallya) June 27, 2018

Mallya further said, “If the criminal agencies such as ED or CBI object to the sale of assets, it will clearly demonstrate that there is an agenda against me ’the Poster Boy’ beyond recovery of dues”.

... to the sale of assets, it will clearly demonstrate that there is an agenda against me “the Poster Boy” beyond recovery of dues. I continue to make every effort, in good faith to settle with the banks. If politically motivated factors interfere, there is nothing I can do...3/3

— Vijay Mallya (@TheVijayMallya) June 27, 2018
More from Business
Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

Claiming that he will continue to “make every effort, in good faith to settle with the banks”, he said, “If politically motivated factors interfere, there is nothing I can do”. Seeking to clarify on questions over the timing of the statement he made yesterday, Mallya said it was because of the filing of the application before the high court. On Tuesday, speaking over the controversy surrounding him in the over Rs 9,000-crore Kingfisher Airlines loan default case, he denied that he was a wilful defaulter. Tired of “relentless pursuit” of him by “the government and its criminal agencies”, he had said that he even wrote letters to both the Prime Minister and the Finance Minister on 15 April, 2016 over the matter.

Tags
CBI Kingfisher Airlines Vijay Mallya Karnataka High Court ED KFA United Breweries asset sale wilful defaulter bank loan default fugitive liquor baron Vijay Mallya bank loan U B Group
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

From jobs to growth, what’s at stake for India as Trump’s 50% tariffs kick in?

From jobs to growth, what’s at stake for India as Trump’s 50% tariffs kick in?

Trump's India tariffs take effect, nearly half of $87.3 bn of exports under 50% levy

Trump's India tariffs take effect, nearly half of $87.3 bn of exports under 50% levy

'Shocking, deeply regrettable': India condemns killing of Gaza journalists in Israeli attack

'Shocking, deeply regrettable': India condemns killing of Gaza journalists in Israeli attack

Trump’s new message to federal staff: Forced leave for criticising govt, Fema employees just got it

Trump’s new message to federal staff: Forced leave for criticising govt, Fema employees just got it

From jobs to growth, what’s at stake for India as Trump’s 50% tariffs kick in?

From jobs to growth, what’s at stake for India as Trump’s 50% tariffs kick in?

Trump's India tariffs take effect, nearly half of $87.3 bn of exports under 50% levy

Trump's India tariffs take effect, nearly half of $87.3 bn of exports under 50% levy

'Shocking, deeply regrettable': India condemns killing of Gaza journalists in Israeli attack

'Shocking, deeply regrettable': India condemns killing of Gaza journalists in Israeli attack

Trump’s new message to federal staff: Forced leave for criticising govt, Fema employees just got it

Trump’s new message to federal staff: Forced leave for criticising govt, Fema employees just got it

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV