Intolerance of economic crimes is not unique to India; Bernard Madoff the mastermind of the largest known Ponzi scheme, worth an estimated $18 billion, was sentenced by a US court to 150 years in prison, making people wonder if financial fraud was worse than violent crimes like rape and murder.
The engagement took place during a Halloween party, and Sidhartha shared the special moment with his followers on Instagram.
Mallya is currently in the United Kingdom and is being charged with a bank debt default case involving his defunct Kingfisher Airlines that involves over Rs 9,000 crore.
Out of which, assets worth Rs 15,113.91 crore have been restituted to the Public Sector Banks. In addition, assets worth Rs 335.06 crore have been confiscated by the government.
The govt further said that the total proceeds of crime in the PMLA cases pending before the top court amounts to Rs 67,000 Crores.
UK Home Secretary Sajid Javid on Monday signed the order to extradite Mallya which has already been allowed by a lower court.
Mallya now becomes the first tycoon to be named an economic offender under the Fugitive Economic Offenders Act, 2018 – the new law that aims to prevent financial fraud.
Gadkari, however, clarified that he has no business dealing with Vijay Mallya, who faces extradition from the UK for alleged bank fraud and money laundering amounting to an estimated Rs. 9,000 crore.
India had expressed its satisfaction over a British court's judgement ordering Mallya's extradition to stand trial on charges of committing bank loan fraud.
External Affairs Ministry Spokesperson Raveesh Kumar said India will continue to work with the British government for 'expeditious' implementation of the court order.
