The Liquor baron Vijay Mallya whose passport has been revoked by the government has admitted that Kingfisher Air has owed money to banks but has added that he was neither a borrower nor a judgment debtor and he has earlier expressed disappointment over being labeled as a willful defaulter despite his willingness to settle all financial disputes.
Mallya has resigned as a Rajya Sabha MP on Monday a week after the Rajya Sabha’s ethics committee has planned to unanimously expel him from Parliament and a day before the committee was to meet to seal his fate with a final approval.
Mallya an Independent member from Karnataka has sent his resignation to Rajya Sabha Chairman M. Hamid Ansari and sources have stated that he also sent a letter to Rajya Sabha Ethics Committee chairman Karan Singh and the panel has given him a week’s time, which was to end on Tuesday, to put in his papers and Mallya has claimed innocence.
Sources from parliament have stated that during his tenure of almost 10 years as member of the Rajya Sabha, Mallya had been declaring his assets and liabilities as nil and the union government too had revoked Mallya’s passport after he failed to turn up for a probe into the bank default. The liquid baron was serving his second term at the upper house and was to retire on June 30.
