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Vijay Mallya deliberately concealing his assets, banks to SC

Banks on Monday told the Supreme Court that Vijay Mallya deliberately didn't make full disclosure of his assets including 40 million dollars he received in February.


Vijay Mallya deliberately concealing his assets, banks to SC

Zee Media Bureau

New Delhi: Banks on Monday told the Supreme Court that Vijay Mallya deliberately didn't make full disclosure of his assets including 40 million dollars he received in February.

 

 

On 7 April, the court had directed UB Group chairman Vijay Mallya to disclose all assets held by him and his family, after a consortium of creditors spurned his offer to repay Rs 4,000 crore to settle the debts of his grounded Kingfisher Airlines Ltd.

The flamboyant Mallya, who has also been declared as a wilful defaulted, left the country in March this year amid lenders stepping up efforts to recover dues worth more than Rs 9,000 crore.

 

From Zee News

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