He mentioned in a put up on X, “For all who say I’m a bhagoda refusing to come back to India, please bear in mind that I’ve been a everlasting resident of the UK since 1992 and am at present legally prohibited from leaving this nation. All this began with poster boy actions by the Authorities of India who’ve been grossly unjust in my case.”
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Sharing a restoration assertion, the fugitive businessman questioned why he has not acquired what he claims is cash due again to him.
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Moreover, he claimed that the Enforcement Directorate (ED) launched round ₹350 crore from his connected funds to pay Kingfisher Airways staff. “I couldn’t pay as a result of ED connected belongings/funds,” he mentioned.
Referring to an ED affidavit filed within the Bombay Excessive Courtroom, Mallya claimed that ₹14,131.60 crore had been recovered from him again in 2021. “5 years on, I’m nonetheless known as a fraud who cheated the banks,” the fugitive businessman wrote.
What’s the case in opposition to Vijay Mallya?
At current, Vijay Mallya is going through extradition to India and authorized battles over a ₹9,000 crore mortgage default linked to his now-defunct Kingfisher Airways. The now-defunct airline borrowed big loans from a consortium of 17 public sector banks (PSBs) led by the State Financial institution of India (SBI).
The airline collapsed in 2012, abandoning unpaid money owed and non-performing belongings (NPAs) in its wake. Businesses such because the ED and the CBI charged Mallya with fraud, willful default, and cash laundering underneath the Prevention of Cash Laundering Act (PMLA). He’s alleged to have diverted mortgage funds to private belongings, company jets, and sports activities groups (Royal Challengers Bangalore and Pressure India).
When was Vijay Mallya declared a fugitive?
Mallya left for the UK in March 2016. Seven years later, in October 2025, the federal government informed the Lok Sabha that 15 folks have been declared Fugitive Financial Offenders underneath the Fugitive Financial Offenders Act, 2018, together with Vijay Mallya and Nirav Modi.
