The King of Good Times and the Raja of Defaulters, Vijay Mallya is a man that India loves to hate. Not only did he borrow vast sums to give himself the life everyone envies, but he has also so far successfully evaded paying for his legal and moral transgressions. The extradition of Mallya has become a tug of war; a long-winding saga seemingly without end. Each time the Indian authorities triumphantly announce his extradition to face Indian courts, Mallya buys time for himself – again and again:
It is announced that Indian authorities are getting Mallya back to India where he will be made to pay for his crimes.
Banks, former employees and sundry Twitter users – because schadenfreude – are happy each time it is announced that Mallya will be brought back to be prosecuted in India.
Tweeple are quick to start tweeting memes on the issue.
Over the years, #VijayMallya is often seen to trend.
Over the years, many have expressed the view that defaulters such as Mallya, Nirav Modi and others are the original anti-nationals. It is they who weaken and impoverish the banking system; thereby the nation's economy and are then permitted to go scot-free.
The liquor baron owes various institutions about $1.35 billion in all.
A large portion of Mallya's debts consist of his willful defaults with the State Bank of India.
It isn't just SBI, he owes 12 other financial institutions as well
BOB, Corporation Bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, J&K Bank, Punjab and Sind Bank, PNB, State Bank of Mysore, UCO Bank, UBI and JM Financial Asset Reconstruction Co. Pvt Ltd.
Mallya’s extradition was announced in February of 2019. He has exhausted all his appeals and/or judicial recourses available to him as on 14 May.
His return to India is delayed due to some or other mysterious reasons.
Having defrauded all these Indian banks, Mallya absconded. These banks are waiting to proceed against him legally.
There have been so many false alarms, or rather false rays of hope that Mallya will finally be made to pay for his sins.
Not happening!
The banks he owes vast sums of money to, also are like, we’ll expect him when we see him. As of now, when #VijayMallya trends on Indian Twitter, some are less hopeful than others.
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