Vijay Mallya says he wants to return to India but can’t because his passport was revoked
The businessman reportedly moved an application in Delhi's Patiala House Court, seeking a reversal of the External Affairs Ministry's decision.
Vijay Mallya on Friday submitted in Delhi's Patiala House Court that he cannot return to India to face the charges levelled against him because the government revoked his passport earlier in the year, ANI reported. The businessman reportedly moved an application in the court seeking a reversal of the External Affairs Ministry's decision to revoke passport. Mallya's counsel said in the court that he intended to cooperate with investigations, "but it had become impossible [for Mallya] to travel back to India".
United Breweries recently announced that Mallya will continue as chairman of the company, though the Securities and Exchange Board of India had ruled that wilful defaulters cannot hold board positions at listed companies or raise money from the securities markets. Mallya has been accused of money laundering and defaulting on loans worth Rs 9,000 crore to 17 banks in India. He left the country on March 2 and later said he was unlikely to return to the country.
On September 3, the Enforcement Directorate had attached around Rs 6,600 crore of his properties and shares. Stocks worth around Rs 3,000 crore, an under-construction mall, a farmhouse in Maharashtra and an apartment in Bengaluru were attached by the agency in connection with a case of fraud.