Vijay Mallya blames SBI for wasting Indian taxpayers’ money on UK legal fees

60

Vijay MallyaReiterating his offer to pay back the debt owed to state-owned lenders in India, troubled liquor tycoon Vijay Mallya has used social media to target the State Bank of India (SBI) for allegedly misusing Indian taxpayers’ money on paying legal fees in the United Kingdom.

Days after a verdict issued by United Kindom’s High Court judge refusing to dismiss an interim order freezing around £260,000 in one of his London bank accounts, the 63-year-old Mallya gave a series of statements on Twitter, alleging the SBI-led consortium of Public Sector Banks for wrongly chasing him in the UK courts.

“SBI lawyers in the UK making presentations on their accomplishments against me. Indian taxpayers cost. Despite the full recovery in India confirmed by the Prime Minister himself,” tweeted Mallya.

He illustrated his statements on Twitter furnishing a series of document screenshots showing TLT LLP, the banks’ law firm, indicating its win in the £1.142-billion worldwide freezing order judgment in their favour last May.

“SBI UK lawyers in self-promotion at Indian public cost. SBI must answer,” said Mallya.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the BFSI industry. Join Us for 7th NBFC100 Tech Summit, Chennai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.