Businessman and independent MP Vijay Mallya who is facing a case of loan default of over Rs 9,400 crore in India, has resigned from Rajya Sabha. The liquor baron’s resignation came just a day before the Ethics Committee of the Upper House was set to meet and recommend his expulsion from the House.
Mallya sent a resignation letter to Rajya Sabha Chairman Hamid Ansari, where he said he does not want his “name and reputation to be further dragged in the mud”.
“And since recent events suggest that I will not get a fair trial or justice, I am hereby resigning as a member of the Rajya Sabha with immediate effect,” Mallya said in the letter.
In the letter Mallya also asserted that the allegations against him were “blatantly false and baseless.”
“I am shocked that the Department of Financial Services, Ministry of Finance, Government of India has provided factually wrong information to a Parliament Committee,” he added.
In his letter to the Chairman Mallya said that he received a letter from panel Chairman Karan Singh dated April 25 which stated that the Rajya Sabha Chairman had referred an issue to the
Committee on Ethics regarding “purported default” by Mallya in the “repayment of bank loans”, which have “not been reflected” in his declaration of assets and liabilities.
Mallya also thanked the Rajya Sabha Chairman and his “colleagues in the House for all the cooperation” that he received during his two terms.
This is Mallya’s second term in Rajya Sabha which would have ended on July 1 had he not resigned.
Ethics Panel of the Upper House, which had taken up the matter, had unanimously decided in its April 25 meeting that Mallya should no longer remain a member of the House and was planning to recommend his expulsion in its next meeting on May 3.
In the panel meeting, JD-U President Sharad Yadav had strongly pitched for immediate recommendation for Mallya’s expulsion. However, some other members felt procedures had to be followed and he should be given time to explain his conduct.
The committee also asked for details of the liabilities on Mallya’s airline Kingfisher from 13 banks.
Last week, the government revoked Mallya’s passport, moving a step closer to initiating his deportation from UK. Mallya is said to have left India on March 2.
(With inputs from PTI)