Media has convicted me guilty without trial: Vijay Mallya
Liquor baron and the former chairman and managing director of Kingfisher Airlines Vijay Mallya on Friday attacked the media over its �sensationalist� coverage over the loan defaulting case saying that media has convicted him guilty without trial.
Liquor baron and the former chairman and managing director of Kingfisher Airlines Vijay Mallya on Friday attacked the media over its “sensationalist” coverage over the loan defaulting case saying that media has convicted him guilty without trial.
“In our Country I assumed that innocence prevails till proven guilty. Media have convicted me guilty without trial with widespread influence,” Mallya tweeted. He said that there was no clear “financial determination” on how much he or Kingfisher Airlines owed to the banks.
“Till this minute there is no final judicial determination on what KFA owes to Banks and what I may owe in my personal capacity after trial. Yet it is reported that I have fled or run away owing money to Banks that I never ever borrowed in the first place,” Mallya said in a series of tweets.
On Tuesday, CBI charge sheeted Vijay Mallya and 11 others in connection with the default of loan granted by IDBI bank to now defunct Kingfisher Airlines.
IDBI bank granted over Rs 900 crore to Kingfisher Airlines. A day later, the Securities and Exchange Board of India (Sebi) on Wednesday barred Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits Ltd.
On Wednesday, Mallya tweeted, “CBI alleges diversion of funds OUT of Kingfisher Air. SEBI alleges diversion of funds from USL INTO Kingfisher Air. What joke is this?” He said that allegations of fund diversion out of United Spirit Limited are baseless and added that USL accounts were approved by top auditors, an eminent Board of Directors and shareholders.
“I am kind of getting used to these witch hunts coming from all directions with no legal basis whatsoever.Shows what Govt Machinery can do.” Mallya said.