South Asian Insider
State Bank of India wasting Indian taxpayers' money on UK legal fees: Vijay Mallya
The 63-year-old fugitive businessman issued a string of statements on Twitter to allege that the SBI led consortium of PSU banks were wrongly going after him in the UK courts.Mallya is wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crore. (By our staff reporter) London- Embattled liquor tycoon Vijay Mallya once again used social media to reiterate his offer to pay back the debt owed to public sector banks in India, targeting this time the State Bank of India (SBI) for allegedly wasting Indian taxpayers' money on expensive legal fees in the UK. Days after a UK high court judge refused to dismiss an interim order freezing nearly 260,000 pounds in one of his London bank accounts, the 63-year-old issued a string of statements on Twitter to allege that the SBI led consortium of PSU banks were wrongly going after him in the UK courts."SBI Lawyers in UK making presentations on their accomplishments against me. Indian Tax payers cost. Despite full recovery in India confirmed by the Prime Minister himself,” he tweeted on Friday.His statements were illustrated with a series of document screenshots showing TLT LLP, the banks' law firm, hailing its victory in the 1.142 billion pounds worldwide freezing order judgment in their favour last May. “SBI UK Lawyers in self-promotion at Indian public cost. SBI must answer,” reads Mallya's tweet.In his characteristic style, the media was once again at the receiving end of the former Kingfisher Airlines boss' social media comments.He noted: “Whilst media love sensational headlines, why doesn't anybody ask the PSU State Bank of India under RTI [Right to Information] on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India. “To substantiate my point, assets belonging to me in the UK were sold and the costs of sale were almost 50 per cent of value.
Why a weaker Congress is bad news for Opposition unity
(News Agencies) Now that the exit poll predictions are out for the Maharashtra and Haryana assembly elections, it looks like the C...
Trudeau faces rough road as Canada's minority parties lay out their conditions
(News Agencies) After eking out a win in the first major test of his popularity since sweeping to power in 2015, Justin Trudeau wa...
No miraculous resurgence for NDP, but Singh wins influence
Only eight months ago Jagmeet Singh’s leadership was on such shaky ground that some New Democrats weren’t exactly hoping that he’d...
ISRO inks MoUs with DRDO sign for Gaganyaan project
(News Agencies) The Indian Space Research Organisation (ISRO) on Tuesday inked MoUs with the Defence Research and Development Org...
Govt trying to remove nationalist leaders: Rahul on Farooq Abdullah detention
(News Agencies) Rahul Gandhi added that the move will polarise the rest of India. In a sharp attack on the Centre’s Kashmir move,...
2019 shows why achieving 1.5 degree C, not 2 C, is must to fight climate change
The United Nations climate action summit in New York on September 23 provides a unique opportunity to global leaders to enhance th...
Don't take CBD products into the UAE, UK government warns travelers
(News Agencies) Your body lotion or e-cigarette could get you into serious trouble in the United Arab Emirates (UAE). This was the...
Namaste... and sorry: Tulsi Gabbards message to PM Modi ahead of Houston event
(News Agencies) US congresswoman Tulsi Gabbard released a video message Thursday welcoming Prime Minister Narendra Modi to the Uni...
Indian-Americans Urge US Congressman Ro Khanna To Leave Pakistan Caucus
(News Agencies) WASHINGTON: A record number of 230 Indian-American organisations in the United States have urged Democratic Congre...
Welcome to USA
(SAI Bureau) New York: Indian Prime Minister Narendra Modi is scheduled to travel to the United States this weekend for his first ...
© All rights Reserved. The south Asian, Published Weekly from New york.