Grounding Vijay Mallya
The > suspension of Vijay Mallya’s diplomatic passport by the Ministry of External Affairs, within a week of his failing for the third time to heed an Enforcement Directorate summons to appear in connection with a money laundering probe, is a prompt and appropriate step. He also has to answer the Central Bureau of Investigation’s charge that the > Rs.900-crore loan Kingfisher Airlines had taken from IDBI Bank involves money-laundering; it is in this connection that an open-dated, > non-bailable warrant against him was issued by a special court in Mumbai. Mr. Mallya’s elbow room is shrinking, and he must know that he is not merely battling the legal consequences of corporate loans gone bad. It cannot afford to lend the impression that it allowed > Mr. Mallya leave India at a crucial stage in the legal proceedings for recovery of the money due from him and is not doing enough to submit him to the process of law.
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