Mallya denies repayment offer linked to Fugitive Ordinance
Bengaluru, June 27: Claiming that he had honestly tried to repay bank loans since 2016, beleaguered tycoon Vijay Mallya on Wednesday denied his offer to settle the dues was linked to the Fugitive Economic Offenders Ordinance.
"It is incorrect that my settlement offer before the Karnataka HC was motivated by the latest chargesheet under the media reported Fugitive Ordinance. I always had honest intentions to settle and there is ample proof," tweeted Mallya, a day after he broke silence on defaulting bank loans.
The May 27 Ordinance gives the law enforcing agencies powers to attach and confiscate the proceeds of crime and properties of economic offenders like bank defaulters or bank fraudsters fleeing the country, and is aimed at deterring economic offenders from evading the process of law by remaining outside the jurisdiction of Indian courts, a probe agency official told IANS here.
The 62-year-old liquor baron, who fled the country on March 2, 2016, has been living in London since then despite summons from Indian courts and law enforcement agencies to appear before them for trial in various related cases.
"I am asked for comment on being labelled a fugitive economic offender. When I have placed assets on the table before the Karnataka High Court in excess of the bank claims, how can I be an economic offender? The fugitive part falls away," said Mallya in another tweet.
Referring to some people asking him why he chose to make a statement at this time, he said he did so because he and his United Breweries Holding Ltd (UBHL) have filed an application before the high court on June 22, setting out assets worth Rs 13,900 crore.
"I made my media statement concurrent with my settlement offer now and was unable to make such an offer before due to various circumstantial changes about the value of my assets available," he tweeted.
He stressed the chargesheets of the Central Bureau of Investigation and Enforcement Directorate allege criminality with no intention to repay banks although he had been making efforts to settle since 2016.
"As I have placed everything before the high court, where is the malafide? Are banks interested in repayment?" he asked.
Admitting that the government, courts and banks were rightfully concerned about public money loaned to his now defunct Kingfisher Airline by the state-run banks, Mallya said he showed to the high court having assets in excess of the banks' claims and requested their sale under its supervision.
"The government wants to recover money loaned by the state-run banks. It used CBI and ED to attach and recover. I have placed all assets before the high court and submitted for sale. Banks should be very happy. But if the same CBI and ED object, what do I do?" he asked.
Regretting that the official narrative seemed to question his intentions, Mallya also denied delaying tactics or any agenda to score brownie points.
"What needs to be appreciated is a bona fide offer and commitment placed before the high court. Let Justice play its part," he pointed out.
Responding to the comment of Minister of State for External Affairs M. J. Akbar that he had years to repay the loans, Mallya said his settlement initiatives date back to 2016.
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Karnataka govt to establish Gig Workers’ Welfare Board
Bengaluru, Apr 3 (PTI): The Karnataka government decided to establish a Gig Workers’ Welfare Board, Chief Minister Siddaramaiah’s office said on Thursday.
The decision was made following a discussion between Siddaramaiah and Congress leader Rahul Gandhi in New Delhi.
According to a statement issued by the Chief Minister’s Office (CMO), Rahul Gandhi inquired about the timeline for formulating the Gig Workers' Welfare Act, which he had promised during his Bharat Jodo Yatra and the elections.
"The Karnataka government has decided to establish a Gig Workers' Welfare Board to ensure the well-being of workers employed by companies like Amazon, Flipkart, Ola, Uber, and others," the statement said.
It further stated that a five per cent cess would be collected from the concerned companies, while the state government would provide the remaining funds required to support welfare schemes for gig workers.
"A comprehensive bill covering all aspects of gig workers' welfare will be prepared and presented before the state cabinet for approval," the statement added.
Three gig worker representatives—Rakshitha Dev, Sheikh Salahuddin, and Nikhil Dev—were also invited to the meeting.
They appreciated the government's initiative and expressed hope for improved working conditions.
State ministers Santosh Lad, Priyank Kharge, and M B Patil were present at the meeting.
Santosh Lad was quoted as saying that Rahul Gandhi, who had earlier advocated for gig workers' rights during the Bharat Jodo Yatra, welcomed the eight-point proposal prepared by the Labour department.
Rahul Gandhi also emphasised the need for swift implementation to safeguard gig workers' interests.
"The Karnataka Labour Department has already introduced three key bills—covering workers' gratuity, cinema workers' rights, and now, gig workers' welfare. The unorganised workers' sector has lauded the government's efforts and extended full support for this progressive move," the statement quoted Lad as saying.
