A consortium of public sector banks on Tuesday filed a petition with the Supreme Court seeking to stop Vijay Mallya from leaving the country. He had earlier said he wanted to move to England to be closer to his family, soon after resigning as chairman of United Spirits. The court is expected to hear the petition on Wednesday.
The Debt Recovery Tribunal on Monday said the businessman cannot access the Rs 515 crore he received from selling his United Spirits business to Diageo, till the case against him, led by the State Bank of India, is settled. SBI is heading a consortium of 17 banks to which Mallya cumulatively owes more than Rs 7,000 crore. SBI had also demanded his arrest and the seizure of his passport.
Earlier on Monday, the Enforcement Directorate had filed a separate case against him under the Prevention of Money Laundering Act, based on charges registered by the Central Bureau of Investigation. The ED said it will check whether Mallya diverted loans worth Rs 900 crore from IDBI bank to offshore accounts. The liquor baron had said on Sunday that he will cooperate with investigators as they probe into the unpaid loans from his defunct Kingfisher Airlines.