Vijay Mallya Challenges Legitimacy of Banks Recovering ₹14,131 Crore, Over Twice His Debt

The fugitive businessman claims he is entitled to relief after public sector banks recover significantly more than his adjudged debt through the Enforcement Directorate.

• Vijay Mallya asserts that ₹14,131 crore recovered by banks through the Enforcement Directorate exceeds his adjudged debt of ₹6,203 crore, including interest.
• Finance Minister Nirmala Sitharaman announced in Parliament that properties worth ₹14,131 crore linked to Mallya have been restored to public sector banks.
• Mallya disputes being labeled an economic offender and plans to seek legal relief, questioning the recovery of more than double the owed amount.
• The Enforcement Directorate has recovered a total of ₹22,280 crore in major cases, including funds linked to Nirav Modi, Mehul Choksi, and others.
• Mallya received public support from fellow fugitive Lalit Modi, who claimed both had been wronged despite their contributions to the country.

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