Calling Mallya Fraud “Not Right”: Nitin Gadkari

Union Minister Nitin Gadkari made these remarks after Indian government welcomed a UK court’s decision to extradite Vijay Mallya

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Union Minister Nitin Gadkari on Thursday asserted that it was “not right” to call the fugitive businessman Vijay Mallya, a “fraud”. Gadkari said that Mallya had repaid loans for about 40 years but became a defaulter after he stepped into the aviation sector. 

Gadkari’s remarks come after a United Kingdom court decided to extradite the business tycoon. While addressing the gathering at a conclave in Mumbai, the Union Minister said that he has nothing to do with Mallya but the mentality to blame a one-time defaulter is not right.

I have nothing to do with Mallya. I am aware that he ran into problems after getting into the aviation sector. When he paid loans and interests for 40 years he was important but for one time that he defaulted, he suddenly became a thief? This mentality is not right,” said Nitin Gadkari. 

Mallya has defaulted on loans worth ₹9,000 crore and has been living in London since March 2016. 

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Gadkari said that the businessmen going through tough times should be supported. “If the downfall is from the global or internal factors in the economy such as recession, the businessmen facing problems should be supported.”

Gadkari further said that if Vijay Mallya or Nirav Modi have committed fraud, they should be jailed. However, if we target everyone who runs into a problem (financially), our economy will not rise. 

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