I've become poster boy of bank default: Vijay Mallya.

I’ve become poster boy of bank default: Vijay Mallya.

Fugitive tycoon Vijay Mallya has made his letter written to Prime Minister Narendra Modi public, saying he was “making every effort” to settle his dues but he had been made the “Poster Boy” of bank default and a lightning rod for public anger.
He was accused of stealing 9000 crore rupees from the banks

“No response was received from either of them,” he said in a statement issued, seeking to state ‘factual position’ in response to the controversy surrounding him.

“I respectfully submit that my conduct does not amount to ‘wilful default’,” Mallya said.

Currently, undergoing an extradition trial in a UK court over fraud and money laundering charges by Indian authorities, the liquor baron said the Central Bureau of Investigation (CBI) and Enforcement Directorate + (ED) have filed charge sheets against him “with various untenable and blatantly false allegations acting at the behest of the government and lending banks”.

“The ED have also attached assets belonging to me, my group companies and companies owned and/or controlled by my family under the Prevention of Money Laundering Act (PMLA) currently valued at approximately Rs 13,900 crore,” he added.

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