A consortium of banks including SBI had on August 29 told the Supreme Court that Mallya had deliberately not made full disclosure of his assets including the USD 40 million which he received on February 25 from the British firm Diageo.
On July 25, the apex court, after noting the submissions by Attorney General Mukul Rohatgi, had issued notice to Mallya on the banks’ plea and asked him to respond.
Rohatgi told the court that Mallya had provided wrong details of his assets in a sealed cover to the apex court.
AG had further alleged that a lot of information had also been concealed, including a cash transaction to the tune of Rs 2500 crore, which amounted to contempt of court.
Rohatgi had said that the liquor baron had also not agreed to deposit “substantial amount” as part of of Rs 9,400 crore loan due on him to establish his bonafide.
Mallya had maintained that the banks had no right over information regarding his overseas movable and immovable assets as he was an NRI since 1988.
(Sourced from agencies, feature image courtesy:oneindia.com)
