“It is obvious that because of this strong position the government has taken, that some defaulters are on the run.
Being on the run, they find refuge in certain other jurisdictions, exploiting the systems in other parts of the world,” the minister added.
He said Indian investigating agencies are utilising every provision of the law available to them to recover amounts and attach assets in India to “get these people back and held responsible as per law”.
Over the weekend, Jaitley had said that the UK’s democracy was “liberal enough to permit defaulters to stay here”, in an apparent reference to liquor baron Mallya, who is wanted in India for loan default and other cases.
