Former liquor baron Vijay Mallya filed an affidavit in the Supreme Court on Thursday, saying banks do not have the right to seek information on his overseas assets. As a Non-Resident Indian, he is not obliged to reveal details of his assets abroad, and neither are his three children and wife, he said in the affidavit, adding that overseas assets were not taken into consideration while loans were granted. Instead, he sought to share the information in a sealed cover on June 26, ANI reported.
The businessman, who is known to own luxury mansions and other investments abroad, offered to pay a token amount of Rs 1,398 crore, provided the Supreme Court intervenes in pending cases. The amount was withheld by the Karnataka High Court, he said, adding that he cannot make the payment till the apex court allows him to sell shares stuck in litigation.
The 60-year-old has been caught in several legal issues. He owes around Rs 9,000 crore to 13 Indian banks, which had filed a petition in the Supreme Court to prevent him from leaving the country. However, he left the country early in March and has since, ignored three requests to appear for questioning by the Enforcement Directorate, which is investigating another case involving a Rs 950-crore loan he took from IDBI. The Rajya Sabha member’s passport was suspended by the Centre last week on the ED’s recommendation. Earlier, he was found guilty in a filed against him by GMR Hyderabad International Airport Ltd, which alleged that cheques he had paid them in bounced.