Mallya left India and most of his assets are in foreign countries- says Attorney General to SC

The Attorney General gave testimony in front of the Supreme Court that wilful defaulter and Rajya Sabha MP Vijay Mallya has left the country on March 2 some unknown foreign destination.

Attorney General Mukul Rastogi has asked the court to pass an order directing Mallya to appear before the bench.

The court has observed its limited options to initiate action against the billionaire. “there seems to be very little left for us (to do),” – remarked Justice Nariman who is one of the judge in the two-member Division Bench hearing the case filed by the 17-member bank consortium.

Attorney General also brought notice to the court that most of his assets are abroad with little information about his present whereabouts. Only a fraction of his assets nearly one-fifth is in India.

The bench has also made further proceedings against Mallya. It has issued notice to Mallya through his company UB, the Indian High Commissioner to the UK and his Rajaya Sabha email.

The Attorney General has observed that Mr Mallya would be in UK because he has tremendous assets there.

So far, initiative by the government to track Mallya is yet to begin though few officials responded that they may initiate action to trace him.