**Vijay Mallya Claims Indian Banks Have Recovered ₹14,131.6 Crore**
Fugitive liquor baron Vijay Mallya has asserted that Indian banks have successfully accessed properties valued at ₹14,131.6 crore, which is more than double the amount he owes to public sector banks. In a recent statement, Mallya referenced the Finance Ministry’s annual report for 2024-25, which allegedly details the Enforcement Directorate’s (ED) actions against willful defaulters. He noted that banks have reportedly recovered ₹14,131.8 crore, significantly exceeding the ₹6,203 crore awarded by the Debt Recovery Tribunal (DRT).
Mallya stated, “Finally, against a DRT judgment debt of ₹6,203 crore, admitted recovery of ₹14,131.8 crore, which will be evidence in my UK bankruptcy annulment application. I wonder what banks will say in an English Court,” in a post on social media platform X.
The report also highlighted the status of fugitive economic offenders, including Mallya and ten others, indicating that a total of 44 extradition requests have been submitted to various countries concerning 36 individuals. According to the ministry’s annual report, properties worth ₹14,131.6 crore have been successfully restored to public sector banks in Mallya’s case. The ED’s efforts have led to successful representations in foreign courts for the extradition of various fugitive economic offenders.
Notably, the UK Court has approved the extradition of several high-profile accused individuals to India, following effective coordination between the Directorate and other law enforcement agencies.
In 2017, the DRT bench in Bengaluru ordered a consortium of banks led by the State Bank of India to initiate recovery proceedings for ₹6,203 crore, accruing an annual interest rate of 11.5 percent, from Mallya and his companies linked to Kingfisher Airlines. Mallya, who fled to the UK in March 2016, is wanted in India for defaulting on loans amounting to ₹9,000 crore that were extended to the now-defunct Kingfisher Airlines. India continues to pursue Mallya’s extradition from the UK, where he previously offered to repay the full amount of “public money” but claimed that banks and the government rejected his proposal.
In February, a London court examined complex arguments involving a consortium of banks, led by the State Bank of India, seeking repayment of an estimated judgment debt of around GBP 1.05 billion owed by Mallya’s Kingfisher Airlines.
**FAQ**
**What is the current status of Vijay Mallya’s extradition?**
Vijay Mallya is currently in the UK, where India is actively seeking his extradition due to his default on loans related to Kingfisher Airlines.
