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Mallya made his way

In the political mix up and with the cover of bureaucrats it is very easy to fly out of India and this has happened in the past as well. Mallya made his way and escaped through the backdoor despite having huge outstanding loans and was in the defaulters list for sometime now. The liquor baron left India on March 2 as per the information and sitting pretty as per his life style and as per his long time wish to settle in London. The huge bank loan recovery case raised questions of jurisdiction as he escaped out of the country for his good. Mallya is a non-resident Indian and the payment to him was made by foreign company.  So, do Indian creditors have the right to that cash and can they block that payment? These matters will no doubt be dealt in the courts in the next few days and may set a precedent for others. But as of now the caged parrot has escaped out of our grasp and is living a lavish lifestyle as he used to enjoy every moment of his life. It is indeed a very sorry state that the liquor baron sneaked out of India despite lookout notice served on him. Thus, once again the efforts of the authorities to net the ‘big fish’ have run aground and million dollar defaulter find his way out of India. It is time to conduct a postmortem on his escape by the third eye.

 

S. Abhishek Ramaswamy

(The views expressed by the author in the article are his/her own.)

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