Vijaya Mallya is absconder

Jairam  621x414 Mon, 05 Sep 2016

Vijaya Mallya is absconder

Shri Jairam Ramesh said Mr. Vijay Mallya borrowed Rs. 9,000 Crores from the Banks and he has been declared a defaulter - rightly so his passport has been revoked - rightly so because of the pressure of the Opposition, because of the Media pressure and because of the Supreme Court, Government was forced to act on Mr. Vijay Mallya. Mr. Vijay Mallya like Mr. Lalit Modi is an absconder and he should be brought back to India.


At the same time, there is a Company in Gujarat Gujarat Government owned Company called GSPC Gujarat State Petroleum Corporation - which has borrowed Rs. 19,700 Crores from 15 Banks. It has to repay the Banks annually Rs. 1,800 Crores in terms of interest alone and its income before interest every year is hardly Rs. 80 Crores. These are all numbers given in the CAG Report. This is a Scam of unprecedented proportion Rs. 19,700 Crores was borrowed from 15 Nationalized Banks, no Gas was discovered 11 years have gone by Prime Minister who was then the Chief Minister said that this will be India’s richest Gas find.


Our contention is that this scam could not have taken place without the full knowledge or involvement of the Gujarat Chief Minister. Action should be taken, there should be an enquiry, where has the money gone, how Rs. 19,700 Crores have been used and why after 11 years, the KG Basin of GSPC remains a dud investment after Rs. 19,700 Crore were the borrowings.


The second issue was on Uttarakhand - Today the Rajya Sabha did not run because we raised the issue of the murder of democracy in Arunachal Pradesh and in Uttarakhand but we gave notice for a discussion on Drought which the Chairman has agreed on Wednesday. We will have a discussion on the Drought situation but the issue of Uttarakhand, murder of democracy remains on our agenda and there are no prospects of the Parliament functioning formally till this issue is settled.


This is a deliberate attempt on the part of the Government that before Parliament meets; they do some ‘Hungama’ or the other in order to ensure that Parliament does not function and does not run. Uttarakhand is an example of this. Monday, 25th, April, 2016.