Mallya had Rs. 7,500 crore, enough to repay banks: CBI
Shortpedia
Content Team
Image Credit: economic times
The multi-crore loan scam involving fugitive Indian businessman Vijay Mallya has taken a new turn. According to the Central Bureau of Investigation (CBI), Mallya had enough money—Rs. 7,500 crore—in August 2017, but instead of repaying banks, he purchased properties abroad before fleeing. In 2015, a year before resigning from Rajya Sabha, Mallya reportedly utilized his "MP status" to open accounts in a Swiss bank.
