While congratulating the Indian government over the Rs 20 lakh crore economic package, Vijay Mallya lamented that his repeated offers to repay his dues have been ignored.

“Congratulations to the Government for a COVID-19 relief package. They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of State-owned Bank loans be constantly ignored?” he said in a tweet.

Vijay Mallya
@TheVijayMallya

Congratulations to the Government for a Covid 19 relief package. They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of State owned Bank loans be constantly ignored ? Please take my money unconditionally and close.

Vijay Mallya, promoter of the defunct Kingfisher Airlines, who is wanted in India over alleged fraud and money laundering charges amounting to estimated Rs 9,000 crore, added, “Please take my money unconditionally and close.”

Earlier this month, Vijay Mallya had filed an appeal in the UK Supreme Court after losing an appeal in the London High Court against an extradition order to India on alleged charges of fraud and money laundering related to unrecovered loans to Kingfisher Airlines.

In the past, Vijay Mallya had tweeted that he had offered to pay 100 per cent of the amount borrowed by Kingfisher Airlines to the banks but neither banks were willing to take the money nor the Enforcement Directorate was willing to release his attached assets at the behest of the banks.

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In a letter to the Enforcement Directorate, the Union finance ministry and the RBI they have requested to be allowed to sell off 18 of their attached assets.The letter was released by a spokesperson of the Wadhawans.

According to the Mumbai Police’s Economic Offences Wing, which first arrested the Wadhawans, the scam at the Punjab & Maharashtra Cooperative Bank is worth Rs 4,355 crore. 

In the letter they said “We state that while denying the allegations raised in FIR no. 86/ 2019…solely with the purpose to work towards the resolution of the matter in the interest of depositors which was also communicated see our earlier letters dated September 30, 2019, October 1, 2019 and October 3, 2019 sent to (ministry of Finance, Reserve bank of India), we ask you to immediately take steps to sell the assets mentioned below… and adjust it towards the principal of the loans taken by the respective companies which own the assets

The assets listed in the letter include ultra-luxury cars such as a Rolls Royce Phantom, Bentley Continental, a BMW 730 LD, as well as a humble Ambassador, owned by Rakesh Wadhawan.

It also lists assets owned by Sarang, Rakesh’s son, including a Falcon 2000 Aircraft, Audi AG, a FerrttiYacht 881, two electric cars, three Quad Bikes (ATV) and speed boat(Dolphin super deluxe 31HT, 7 seater).

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They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate.

Nehal Deepak Modi was born in Antwerp, Belgium and he knows languages such as English, Gujarati and Hindi, according to the RCN. Nehal has been named in the charge sheet filed by the ED in this case and he has been charged with destruction of evidence.

Nirav Modi and his uncle Mehul Choksi are alleged to be the main perpetrators of India’s biggest bank fraud that came to the fore last year. The Punjab National Bank is stated to be duped of nearly Rs 14,000 crore in this scam.

A London court had also indicated that Nirav Modi may have used his US-based brother Nehal to do his “dirty work as it were”. “There does seem to be a luring away of witnesses and some pressure that took witnesses away from India,” Chief Magistrate Emma Arbuthnot had noted in May while hearing a case on his extradition to India.

The post Red Corner Notice (RCN) against Nehal Modi appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.