Mallya not disclosing foreign assets: SBI to SC

26 April, New Delhi

A consortium of banks led by State Bank of India told Supreme Court that businessman Vijay Mallya is not cooperating in the investigation of cases lodged against him and is avoiding to disclose his foreign assets.

Appearing for the central government, Attorney General Mukul Rohatgi, also told the apex court that Mallya, who is in UK, is not indicating the date of his return to India.

Rohatgi said, the liquor baron has also not agreed to deposit a substantial amount as part of 9,400 crore rupees loan due on him to establish his bonafide. The petition filed by the consortium will come up for further hearing in the Apex Court today.

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