New Delhi: Amid a raging row over Vijay Mallya fleeing the country, Finance Minister Arun Jaitley today said the banks will recover every penny of loan given to him and investigative agencies will take strong action against the liquor baron wherever he is found to have violated the law.
Mallya, promoter of long-grounded Kingfisher Airlines, had left India on March 2, presumably for London, days before Supreme Court heard a plea of clutch of state-owned banks seeking recovery of over Rs 9,000 crore from his group firms.
“… his (Mallya’s) facts are very clear. Every government agency, whether its taxation department or investigative agency, wherever he has violated law, is going to take strong action. As far as banks are concerned, they are going to recover every penny of the rupee that they can from him,” Jaitley said.
The minister was answering questions at India Today Conclave on what the government was doing to recover money from Mallya, who is currently in the UK.
