Despite official confirmation of recovered funds, fugitive businessman Vijay Mallya criticized Indian public sector banks on Tuesday for allegedly hiding information about recoveries made from his properties. He said the banks should be "ashamed" for failing to provide a complete account.
"The Indian Public Sector Banks who claim monies from me as a guarantor should be ashamed that they have not yet submitted an accurate statement of account of recoveries made despite the Union Finance Minister clearly stating that Rs 14,100 crores have been restored to the very same Banks," Mallya wrote in a post on social media platform X (formerly Twitter).
He added that he would wait for Indian banks to reveal all recovery information before pursuing any legal action in the UK. "I have a legitimate counterclaim that can only be decided in India, so I will not pursue legal action in England until the Indian Public Sector Banks come clean," Mallya stated.
The statements are made in the midst of continuing court processes about Mallya's now-defunct Kingfisher Airlines debt recovery. According to Indian authorities, substantial assets connected to Mallya were seized, and the money received was utilized to settle some of the unpaid debt.
Despite India's repeated petitions for extradition, Mallya is still in the UK and continues to dispute the claims and the healing process.
