File criminal case against Vijay Mallya for a false election affidavit: EAS Sarma

Moneylife Digital Team 08 March 2016

Mr Sarma, former secretary of the Government of India, in a letter to the Election Commission has demanded that a criminal case be filed against Vijay Mallya, MP, for not disclosing offshore accounts he held

EAS Sarma, former secretary to the Government of India (GoI) has demanded that the Election Commission file a criminal case against Vijay Mallya, Member of Parliament (Rajya Sabha MP) for filing a false election affidavit, in which the MP had failed to disclose the offshore accounts he held.

"I have been addressing the Election Commission of India (ECI) since 2013 regarding a false affidavit filed by Vijay Mallya, in which he had failed to disclose the offshore accounts he held. In my letters, I had provided adequate evidence of the fact that Mallya held offshore accounts about which he had failed to make a disclosure in his affidavit," Mr Sarma said in a letter sent to Dr Nasim Zaidi, Chief Election Commissioner.

He says, "Though more than two years have elapsed, ECI has not initiated any proceedings against the person concerned, thereby eroding the credibility of the electoral process. Had the ECI been proactive in order to uphold the integrity of elections, it would have taken the help of enforcement agencies like Central Bureau of Investigation (CBI), Enforcement Directorate (ED), Serious Fraud Investigation Office (SFIO) and Central Board of Direct Taxes (CBDT), in addition to directing the CEO of Karnataka to issue a notice to Mallya. The fact that no prompt action had been initiated raises an apprehension in my mind about the motives underlying such inaction."

Citing news reports, Mr Sarma, says, it (reports) reveals the possible existence of offshore accounts held by Kingfisher, which, in my view, would have something to do with the complaint I had made to the ECI.

Mr Sarma also requested the Election Commission to launch criminal prosecution against Gaddam Vivekanand, another MP for holding similar offshore accounts.

Meanwhile, the All India Bank Employees' Association (AIBEA) has demanded impounding of passport of Mallya and recovery of Rs7000 crore bank loans before the MP is allowed to leave the country. "We call upon all our unions and members across the country to send telegrams to Finance Minister to take immediate action against Mallya, " CH Venkatachalam, General Secretary of AIBEA said in a release.

"Reports have come in the media that Vijay Mallya has resigned from UB Group and has decided to receive some compensation of $75 million from Diageo and settle down in London with his family. Immediately we have demanded that the passport of Vijay Mallya should be impounded and he should not be allowed to leave India without repaying the loans. After sleeping for years together, now some of the Banks are also moving to court to attach the compensation amount he would receive from Diageo," the bank union says.

Comments

User

Mahesh S Bhatt

1 decade ago

Forget Mallya.Person who made is worth by intoxicating our youth so let him be safe investing in UK.

But put this as cost of learning & next time

Get 4 Election Reforms asap.
1) Age Limit of 65 for MP/MLA/MLC,
2)40% Female reservations in MP/MLA/MLC ( looks impossible)
3) Any corrupt case disqualification immediate.
4) 2 party system( pipe dream).

Judicial Reform:

1) Time/Money barred Justice.

It well matchfixed by Congress+BJP.Good show.

Forget Vodafone asap do we need 500+ adjournments for such a big outstanding cases??

May be few more Industrialists are on Mallya mode catch them if you can.

Amen Mahesh

DINESH SHARMA

1 decade ago

Again Bank Nippon's are out of touch with realities. I thought telegrams are already dead.

If they can pressurise and aid in recovery, they can rediscover their place.

LALIT SHAH

Replied to DINESH SHARMA comment 1 decade ago

First arrest all Banker's who have given loan whithout care.If Banker's had taken proper care as thay take to give loan to us (common) man like us
So Banker's and other political entity's who pressures bank's and who help him to escape from India

LALIT SHAH

1 decade ago

Wrong affidavits is criminal act as per IPC code for common public only

LALIT SHAH

1 decade ago

Election commission is doing job of accepting applications and fileing and record keeping job only

LALIT SHAH

1 decade ago

If election commission check all M.P. and MLA'S Affidavits will find 100% faulty
How many criminal case we will file against our law makers
99:100 baiman
Bhagwan pe bharosa rakho 2022 me "Achhe DIN aajayege"

RAMESH VASWANI

1 decade ago

I totally agree with Mr Hemen Parekh when he says that with latest technology when defaulters can be detected within a day and action too can be taken within a day, why we should not adopt the same for Bank loans.

We request Mr Rajan RBI to take immediate action in the matter in consultation with technology companies like infy, tcs etc.

Mrinal Kanti Ganguly

Replied to RAMESH VASWANI comment 1 decade ago

When common man applies for a loan, his CIBIL score is checked. Technology is already available,I get details of all my transactions periodically by NSDL. This loans are surely sanctioned on commission basis, between politicians and bank officials. It is just a formality for MPs and MLAs to declare their assets, do they file their IT returns? Is it ever cross checked with NSDL data?

RAMESH VASWANI

1 decade ago

Since Unions of the Banks knew the game plan. It appears that Vijay Mallya had already taken his fraudster friends in banks into confidence. Banks therefore appears to have taken actions late deliberately to allow him to leave the country and to get released of their responsibility too.

1 decade ago

VM STILL COOL AND BE-FOOLING EVERYBODY. WHAT IS HAPPENING TO THE CONTROLLING MACHINERY IN INDIA. ALL ARE ONLOOKERS.

Hemen Parekh

1 decade ago

NPA ? or is it NPB ?
NPA = Non Performing Assets ( bank loans not being repaid )
NPB = Non Performing Bankers ( bank officers not being prosecuted )
Recently , Supreme Court asked RBI for a list of entities , who are defaulting on loans of Rs 500 Crores or more
Suddenly , a few banks started publishing lists of their own loan defaulters

What is the big deal ?
Several thousand Cooperative Housing Societies in Mumbai , have been , routinely publishing on their Notice Boards ( equivalent to the web sites of the banks ? ), names of society-members who have failed to pay their monthly society charges ( includes Municipal Property Tax ) - including cumulative arrears
They have been doing so for years . I don't know if Model Standing Orders or Cooperative Society Act requires this
But no member seems to object this act of " Name to Shame " !
What has prevented banks from routinely declaring on their web sites :
* Complete list of all loan-takers ( Companies / Individuals / Trusts / NGOs etc )
* Full details of loans ( amount / duration / interest rate / collaterals / repayment schedule / sureties etc )
* Names of bank officers who scrutinized and sanctioned loans
* Cumulative arrears ( shown graphically )
* Other entities ( including other Companies / Individuals ) inter-connected with the defaulters
* Details of Notices sent / Court cases filed / Recoveries made / Blacklisting done , etc
After all , most banks have PUBLIC as shareholders and therefore , need to be covered under RTI Act
If a bank is owned ( partially or totally ) by any government ( Central or State ) , it is covered under RTI
So , why this secrecy ? Why this dragging of feet to take prompt action against defaulters ?
I recently heard of a Cooperative Housing Society in Hyderabad which has solved the problem of members defaulting on payment of society charges
In members' flats , Society has installed ELECTRONIC DIGITAL PRE-PAYMENT METERS
On 1st of each month, a member must key-in the amount ( of Society charges ) in the Meter and authorize deduction from his bank account ( like Mobile Wallet , in collaboration with many banks concerned )
Failure to do so will immediately result in automatic cutting off the electricity and water supply to that flat !
I suppose Andhra / Telengana State Cooperative Society Act permits this. Why progressive Maharashtra does not ?
It is no Rocket Science to extend the application of this SIMPLE TECHNOLOGY to bank loan defaulters !
By automatic freezing of personal bank accounts of ALL those who signed the loan document ( takers & givers ) , the moment any repayment installment becomes overdue by ONE DAY ? Also automatic revoke of PASSPORT ?
I hope RBI governor , Shri Raghuram Rajan , gets to read my blog and floats a Request for Proposal to Infosys / Wipro / TCS etc
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hemenparekh.in / blogs
09 March 2016

Amol

Replied to Hemen Parekh comment 1 decade ago

From next year Mr arun jetaly will add one more cess tax, will be known as 'malay se bachav' cess.
Amol

LALIT SHAH

Replied to Amol comment 1 decade ago

Dear amol
Bander(monkey) KO siddi (staircase) mat dikhav
This government is unique on pichhle 66 years me jitne tax or rail fair nahi bhadhe utne bhadha DIYA
Congress co labal mat lagana I am common man unfortunately Indian

manoharlalsharma

1 decade ago

Actions r taken against the tycoon is like police come at when already murder takes place not at the time of complaining then media say it could be saved if action took on FIR./ all credit should be given to whistle blower SRIVASTAVJEE.

Mrinal Kanti Ganguly

1 decade ago

Now we come to know , he is a NRI. Some says Rahul Gandhi has British Passport. I wish to know, if the allegations are true, are they elligible to get elected to Lok sabha or Rajya sabha?

TIHARwale

1 decade ago

EAS Sarma could have marked a copy of correspondence to Deputy Chairman of Rajya Sabha. Alsoif he had mailed it to any official in EC then the same should be shared in media so that accountability can be fixed even over officials of EC. It is known EC is little shoddy in acting on e mail complaints lodged with them but e mail only should be used so that EC cannot deny the receipt of email.

Now coming to Ch Venkatachalam, General Secretary of AIBEA, he is not honest as he is trying to portray. AIBEA nominees sit in majority of PSB as workmen directors. Definitely these directors would have also enjoyed hospitality of Vijay Mallya