Wednesday, 26 September, 2018

IDBI officials knew of losses at Kingfisher, claims Mallya's lawyer

Appearing before London court Vijay Mallya on Wednesday said he had met Finance Minister Arun Jaitley to settle matters before leaving India IDBI officials knew of losses at Kingfisher, claims Mallya's lawyer
Faye Gross | 13 September, 2018, 12:51

On the last day of Vijay Mallya's extradition trial at Westminster Magistrate court in London, when it was expected that the court argument would revolve around the state of Arthur Road prison in Mumbai, where the flamboyant industrialist is expected to be lodged if extradited, Mallya turned the narrative by claiming that he had met finance minister Arun Jaitley before he left India.

But when reporters asked Mallya about the condition of the jail after the video of his cell was presented to him by the Indian authorities, Mallya labelled it as "pretty impressive".

The Finance minister on Facebook wrote: "The statement is factually false in as much as it does not reflect truth".

Congress President Rahul Gandhi has not reacted on this startling revelation, but one wonders how he can continue to function as the finance minister. However, since he was a Member of Rajya Sabha and he occasionally attended the House, he misused that privilege on one occasion while I was walking out of the House to go to my room.

Thousands evacuated in the Philippines ahead of super typhoon Mangkhut
The storm is expected to make landfall in northern Cagayan on Saturday morning and bring heavy rains within its 900-km diameter. Mangkhut has already swept past the USA territory of Guam, in the western Pacific, where it caused flooding and power outages.


However, reacting to this, Jaitley said Jaitley said he had never given Mallya any appointment to meet him since 2014 and "the question of his having met me does not arise". When Mallya was asked about Rahul Gandhi's statements that he had been allowed to flee, he said that he was not tipped off by anyone. "Given Vijay Mallya's extremely serious allegations in London today, the PM should immediately order an independent probe into the matter". Mark Summers, representing India, said that there was a clear case against Mallya and that what Kingfisher "internally knew was radically different" to what was being told to banks regarding the company's status.

Also at the press conference, Congress leader and Rajya Sabha MP PL Punia alleged that he saw Mallya meeting Jaitley in Parliament on March 1, adding that the meeting lasted for about 15 minutes first at a corridor and then at Central Hall. "The allegations are media created allegations, unfortunately". I even did not receive any paper from him at that time. "I hope the honourable judges will consider it favourably; everybody gets paid off and I guess that's the primary objective", said Mallya, who is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores.

The Congress also said on its official Twitter handle that Mallya met Jaitley "several times" before escaping the country to discuss a settlement plan.

Mallya has been out on bail on the extradition warrant since his arrest in United Kingdom last April. "Do we need anymore proof that this govt.is in the pocket of crony capitalists".

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