Banks have no right to seek information of his assets oversees, Vijay Mallya told the Supreme Court in an affidavit filed by his lawyers on Thursday, according to media reports. On April 7, the apex court had asked him to disclose his assets as well as the assets owned by his wife and children in India and abroad by April 21.
The affidavit stated that since Mallya is a non-resident Indian (NRI), he was not under the obligation to disclose his assets. He added that all his three children and wife being U.S. nationals also were not obliged by the banks' request through the court.
"Overseas assets were not considered while granting loan," he said in the affidavit, as reported by the Economic Times, citing agencies. However on his Indian assets, the liquor baron requested more time till June 26 to file the information in a sealed cover.
Emphasising on his repayment plans, he offered an additional payment of Rs 1,398 crore withheld by Karnataka HC. The Supreme Court on April 7 had asked Mallya to deposit with it a substantial amount to prove his bona fide, and sought to know the date of his personal appearance before the bench.
Meanwhile, PTI reported that the Enforcement Directorate (ED), backed by a nonbailable warrant from a Mumbai court, has moved requests with the ministry of external affairs to initiate the process of Mallya's deportation.
The economic crime investigating agency is probing a money laundering case against Mallya who's accused of siphoning a portion of Rs. 900 crore of IDBI's loan to foreign shores for purposes beyond the loan terms.
