Insta
Caught Red Handed? SBI Chairman Refutes Liquor Baron Vijay Mallya’s Claims Of Repayment
Vijay Mallya. (Jack Taylor/Getty Images)
SBI Chairman, Ranjish Kumar has said the claims made by financial fugitive Vijay Mallya regarding his offer to repay the principal amount of Rs 9,000 crore back is false. Speaking to reporters in Mumbai, Mr Kumar said the banks are still waiting, reported The Indian Express.
Earlier, Mallya had tweeted that he was offering to pay back the principal amount he owed, saying, “I humbly request banks and government to take it.”
However, Mr Ranjish says that even as his extradition from the UK is close by, he has not offered anything. “SBI is the lead consortium. As of date, we have not received any offers,” he added.
Kumar pats the government’s extradition of the liquor baron saying that there is clear writing on the wall that one can’t default and abscond.“It is a commendable effort by the government as far as this case is concerned,” he said.
The UK court had critiqued Indian banks for sanctioning loans without proper credit reports. The judge there called the issue as “continuing failures” by the banks and said it is unclear whether the problem was designed with hidden financial motives.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
