Vijay Mallya releases letter written to PM Modi in 2016

Liquor baron Vijay Mallya has released a six page letter dated 15 April 2016 to Prime Minister Narendra Modi on Twitter. In his statement he wrote that he was making every effort to settle his bank dues but he has been reduced to a ‘Poster boy’ of bank defaults.

Mallya justifying his statement after a ‘long period of silence’ wrote, ” I wrote letters to both the Prime Minister and Finance Minister on 15th April 2016 and am making these letters public to put things in right perspective. No response was received from either of them.”

“I have been accussed by politicians and the media alike of having stolen and run away with Rs. 9000 Crores that was loaned to Kingfisher Airlines. Some of the lending banks have also labelled me a wilful defaulter.”

The tycoon flew to the UK in 2016. Since then he is wanted in India for defaulting on loans and money laundering. He left India when the financial institutions were about to initiate efforts to recover the money swindled by him.

Mallya wrote, “I have also become a political pawn about whom politicians across party lines make reference to in public statements to either influence the electorate or set an example before several other industrialists whose companies are facing financial crisis.”

He also added that he has made every effort to settle with the Public Sector Banks but there are politically motivated factors that interfere.

Read Vijay Mallya’s letter to PM Modi: