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

 

The Supreme Court 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the Enforcement Directorate told a Delhi court that Mallya had no intention of coming back to India and his passport was revoked due to his own conduct. The court had earlier asked Mallya to appear before it in a case of allegedly evading summons in a FERA violation matter. Currently, Kingfisher owes over Rs 9000 crore to 17 banks including the SBI, IDBI Bank, PNB among others.