‘How far will this go?’ said Mallya after banks seized his firms

‘How far will this go?’ said Mallya after banks seized his firms

Businessman Vijay Mallya, after a long exile from Media, has said that the authorities are claiming him as some kind of fraud and is seizing his properties without a fair trial.
Mallya alleged that the firm which was seized on the behalf of banks, was worth of 13,000 crore ?, while the amount he had to pay to the bank was just 9,000 crore ?. He also questioned the claims made by the government that he is a money launderer or even a fraud.
Just a month ago, Mallya had come in media and alleged that he is ready to pay the original amount but the banks are not accepting it. And now Mallya tweeted that the authorities are not playing fair with him.
Mallya wrote on the twitter, “The Debts Recovery Tribunal Recovery Officer recently attached my group’s assets worth over 13,000 crores in India on behalf of the Consortium of Banks. Yet the narrative is that I ran away with the claimed amount of Rs 9,000 crore causing a loss to the Public Sector Banks. Where is justice or fair play?”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">And finally, the Banks Lawyers in England have objected in writing to my paying my legitimate tax dues to HMRC which I requested. Irony is Indian State Banks want my money in England to settle an Indian debt already secured and deny payment to the U.K. tax exchequer. Disgraceful.</p>&mdash; Vijay Mallya (@TheVijayMallya) <a href="https://twitter.com/TheVijayMallya/status/1091192370496966656?ref_src=twsrc%5Etfw">February 1, 2019</a></blockquote>
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Mallya has been declared officially as a “fugitive economic offender” by a Mumbai court on January 5. He is the first person to be declared as an economic offender after the parliament passed FEO act last year.
The act allows for a person to be declared as a fugitive economic offender (FEO) if:
(i) An arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore.
(ii) He has left the country and refuses to return to face prosecution.   
Mallya wrote further on the topic, “Every morning I wake up to yet another attachment by the DRT recovery officer. Value already crossed 13,000 crores. Banks claim dues including all interest of 9,000 crores which is subject to review. How far will this go and well beyond? Justified ??

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