Fugitive businessman Vijay Mallya claims banks recovered twice the debt owed from his assets, sparking legal debate.

Fugitive Indian businessman Vijay Mallya claims banks have recovered over Rs 14,131 crore from his assets, more than double the Rs 6,203 crore debt owed from the Kingfisher Airlines case. Finance Minister Nirmala Sitharaman confirmed the recovery in Parliament, highlighting the government's efforts to address financial crimes. Mallya, who fled India in 2016, says he is entitled to relief unless authorities justify the excess recovery legally.

3 months ago
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