Fugitive businessman Vijay Mallya on Tuesday sought financial assistance from the government as crisis enveloped the economy after a count...
Fugitive businessman Vijay Mallya on Tuesday sought financial assistance from the government as crisis enveloped the economy after a countrywide lockdown put a lid on all business activities. He claimed that he has been paying salaries to his employees even though his companies have ceased all operations. The lockdown was imposed nationwide for a three-week period from March 25 to combat the spread of the coronavirus.
Mallya faces fraud and money laundering charges resulting from the collapse of his defunct company Kingfisher Airlines. The businessman fled India and moved to London in March 2016. Mallya owes Indian banks more than Rs 9,000 crore.
“Indian Government has done what was unthinkable in locking down the entire country,” Mallya said in a tweet. “We respect that. All my Companies have effectively ceased operations. All manufacturing is closed as well. Yet we are not sending employees home and paying the idle cost. The government has to help.”
The liquor baron, who was accused of diverting funds from his Kingfisher Airlines, said that he had made repeated offers to pay 100% of the amount his company borrowed from the banks. “ Neither are Banks willing to take money and neither is the Enforcement Directorate willing to release their attachments which...
