After a series of disagreement on settlement on Kingfisher Airlines Chairman Vijay Mallya surrendering over money laundering case worth 9,000 crores INR. Now, the case got more twisted as Enforcement Directorate will take help of Interpol to arrest Mallya. The measures to curb debt of thousands of crores of rupees is likely to settle down finally after the arrest of the former liquor baron.
Mallya, who took loan from financial institutions and specially IDBI Bank of whole sum amount of 900 crores INR out of which he has been accused of taking out 430 crores INR for personal purchases. This turns into another case and after repeatedly misguiding ED and not appearing in front of them has led to such huge steps.
On April 8, 2016 court asked to submit all the documents including his personal and relatives’ assets. The court also said to make an appearance on which he summoned up as interacting via email or video conferencing. Minister of External Affairs stepped into the matter and thus, suspended diplomatic passport. They further thought to seek help from UK government for deportation of Kingfisher Airlines Chairman as he flee abroad without permission and is currently residing in Britain.
ED is determined to move ahead with the case and recently it asked Interpol to intervene in the matter. Government of India is surely taking measures for the arrest of Vijay Mallya. The protocol has yet to be decided but intervening of Interpol is the next big step. This not the first time that India worked with foreign agency. Yet before Chotta Rajan was arrested in same manner from Philippines and Former IPL Chief Lalit Modi was asked to surrender but in vain. Although the procedure to arrest Modi has been in papers from last few months and it will take some more time, according to reliable sources.
Henceforth, officials from ED has taken all measures to arrest Vijay Mallya even further to take help of Interpol. If government authorities join hand and work then Mallya could surely be reprimanded. Money laundering of 9,000 crores INR to curb “debts” not a petty thing, as per information by IDBI Bank officials.