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Vijay Mallya’s Extradition – Loot in the UPA Era Seeing the Road of Recovery during Modi Government

Vijay Mallya

London Magistrate Court has agreed to extradite Vijay Mallya. With this judgement of the London court on December 10, 2018, it has been proved that the Indian Government is committed to bringing back the rich people who owe money to the banks. The credentials of Modi Government in fighting corruption, as it had promised before 2014, has been firmly reassured with this move. A few days back, India has been successful in extraditing the Italian middleman Christian Michel from Dubai in the AgustaWestland scam. Vijay Mallya had recently tweeted offering to return the principle amount that is due to the Indian banks. We have already analysed how the persistent measures of the Modi Government have made Vijay Mallya apprehensive that forced him to offer money back to the banks.

According to the news reports, Vijay Mallya has 14 days’ time to file an appeal. Nevertheless, it is quite evident from the Indian Government side that they will sooner or later catch the offenders who flee the country. The Government is making each and every effort on a global scale to bring such offenders to the book. India’s successful bid in getting the extradition order of Vijay Mallya proves the following things:

UPA facilitated the plunder, NDA is catching the culprits

While ordering Vijay Mallya’s extradition to India, the Chief Magistrate of the London court said, “… prima facie, a case against Vijay Mallya for fraud, conspiracy and money laundering.”

So, the most prominent question here is that under whose watch all these frauds happened?

As reported widely, the first loan taken by Vijaya Mallya was given in the year 2004 and the second in 2008. Despite the fact that his companies were declared as NPAs (Non-Performing Assets) the loans were restructured in 2010.

In 2011, none other than the Prime Minister Manmohan Singh himself had said that his government committed to helping Vijay Mallya’s Kingfisher Airlines.

At a later stage in 2018, media accessed the old documents in which Vijay Mallya had actually thanked PM Manmohan Singh for the loan he got from the public sector banks.

Agencies pursued Mallya’s case while Rahul Gandhi is busy spreading misinformation

Even though the evidence suggests that the loans were given to Vijay Mallya during the UPA-II period, Congress President Rahul Gandhi has been busy accusing Narendra Modi Government of helping the likes of Vijay Mallya. He had also cast aspersions on CBI as well. But, the same Modi Government and the CBI have now succeeded in getting the extradition order of Vijay Mallya from the UK court. It simply busts all the myth about the efficiency of the government and the concerned institution. Meanwhile, the Enforcement Directorate has moved the court to confiscate Vijay Mallya’s property.

Apparently, all these would not have happened if the current government had been a complicit or pro-rich as the opposition alleges them to be.

Persistent efforts of the Modi Government in bringing Vijay Mallya's to the book

The extradition verdict in the London court has not happened all of a sudden. In May 2017, CBI and ED officials went to London to brief the law enforcing agencies of that country about the evidence that they have against Vijay Mallya.

Prime Minister Narendra Modi and Finance Minister Arun Jaitley both had raised this issue in their respective visits to UK.

Not just Vijay Mallya, Modi Government has built pressure against every economic offender.

The Modi Government first strengthened the domestic laws with the definitive measures like constitution of SIT on black money, Benami Property Act, Insolvency and Bankruptcy Code, Fugitive Economic Offenders Bill etc.

With such credentials, it then started building momentum against the economic offenders on an international platform. Recently in the G20 Summit, India presented a 9-point agenda on fugitive economic offenders.

All these constructive efforts put together have made the likes of Vijay Mallya extremely difficult to evade the Indian authorities in recent times.