In a massive blow to business tycoon and ‘King of good times’ Vijay Mallya, the Scotland Yard police arrested him a year after he fled the country. The central government had faced severe backlash from the members of the opposition after they accused the centre of “waiving off” his loans. Mallya owes an enormous amount of money to a consortium of PSU banks led by the State Bank of India.
Prime Minister Narendra Modi-led government had affirmed that they were making all the efforts to bring back to the country. The apex court had also declared him absconding. The security officials have arrested Mallya on an “extraction” warrant. Scotland Yard asserted that he was arrested “on behalf of Indian authorities on accusations of fraud.”
A number of people across the globe were left assuming as to what is the exact amount that is liable to pay to the banks. Here’s a break-up of each bank:
State Bank of India – Rs 1,600 crore out of which he has reportedly paid Rs 155 crore.
Punjab National Bank – Rs 800 crore
IDBI – Rs 800 crore
Bank of India – Rs 650 crore
Bank of Baroda – Rs 550 crore
United Bank of India – Rs 430 crore
Central Bank of India – Rs 410 crore
UCO Bank – Rs 320 crore
Corporation Bank – Rs 310 crore
State Bank of Mysore – Rs 150 crore
Indian Overseas Bank – Rs 140 crore
Federal Bank – Rs 90 crore
Punjab & Sind Bank – Rs 60 crore
Axis Bank – Rs 50 crore
Mallya was arrested while attending a central London police station and will be produced before the court on April 18.
