Supreme Court directs Vijay Mallya to fully disclose foreign assets in 4 weeks

The court had earlier asked Vijay Mallya to appear before it in a case of allegedly evading summons in a FERA violation matter.

By: Express Web Desk | New Delhi | Updated: October 25, 2016 7:16 pm
Vijay Mallya, Vijay Mallya Supreme Court, Vijay Mallya london, Vijay Mallya passport, Vijay Mallya absconding, Kingfisher Vijay Mallya, Vijay Mallya ED, Vijay Mallya money laundering, Vijay Mallya loan default, india news, business news Vijay Mallya (Source: File Photo)

The Supreme Court has directed liquor baron Vijay Mallya to fully disclose all his foreign assets in four weeks. The court observed that prima facie Mallya has not come out clean as yet. The court has also asked Mallya to disclose what he did with the 267 crores he had received from Diageo. Earlier in October, the Enforcement Directorate told a Delhi court that Mallya had no intention of coming back to India and his passport was revoked due to his own conduct.

WATCH VIDEO: Supreme Court Directs Vijay Mallya To Fully Disclose Foreign Assets In 4 Weeks 


The court had earlier asked the liquor baron to appear before it in a case of allegedly evading summons in a FERA violation matter. Advocate N K Matta, appearing for the ED, also told the court that under the provisions of law, Mallya can be given travel documents, even if he has no passport. The ED counsel also opposed Mallya’s plea seeking exemption from personal appearance on the ground of lack of passport.

Currently, Kingfisher owes over Rs 9000 crore to 17 banks including the SBI, IDBI Bank, PNB, BoI, Bank of Baroda, United Bank of India, Central Bank, UCO Bank, Corporation Bank, Indian Overseas Bank , Federal Bank , Punjab and Sind Bank, Axis Bank among others. So far, the ED has attached Mallya’s properties worth over Rs 8,000 crore under PMLA after the agency expanded its probe into the case. On August 23, the ED registered a fresh case against Mallya and Kingfisher for loan default of Rs 6,027 cr.

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  1. A
    Oct 25, 2016 at 9:04 am
    So long as Modi and Jaitley do not want Mallya to come back to India, no authority national or international can touch Mallya, so said Soli Sorabjee, ex Attorney General of India.
    1. F
      Oct 25, 2016 at 8:08 am
      What a nonsense sc is doing lt;br/gt;Indian laws r applied to poor not rich person lt;br/gt;So we r going in darkness gradually
      1. Manish Khanna
        Oct 25, 2016 at 8:55 am
        Any one who has gone to electricity court or drt with cases of poor will notice how judges act. They simply say pay this much to electricity company or no bail or order against you. When big people involved hc and sc open ways to stop proceedings and when unnatural conduct comes in open then also sc remains silent spectator. Please remember that mallya had got 500 adjournments. This had shocked the sc also. What did they do. The so called ordinary Indian doesn't need to know. Let all rot. Jai hind. Sc
        1. P
          Parth Garg
          Oct 25, 2016 at 8:28 am
          This remind us that Sunny Deol dialogue- "Taarikh pe taarikh..............