ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853
e mail – [email protected] & [email protected]
CIRCULAR LETTER No.27/179/2016/12 8-3-2016
TO ALL OFFICE BEARERS, STATE FEDERATIONS AND
ALL INDIA BANKWISE ORGANISATIONS:
DEMAND IMPOUNDING OF PASSPORT OF KINGFISHER MALLYA – DEMAND RECOVERY OF RS. 7000 CRORES OF BANK LOANS BEFORE ALLOWING HIM TO LEAVE INDIA – SEND TELEGRAMS / EMAILS TO
All our units are aware that we have been fighting against the menace of bulging bad loans in the Banks. The NPA/Bad loans have alarmingly increased and RBI, Government, Supreme Court, CBI – all are talking about it nowadays.
Loan default of more than Rs.7,000 crores by Kingfisher Malya is a king of all defaulters. More than 15 Banks have lent money to him he is deliberately defaulting the loan. It is a clear case of willful default and still for years, banks were reluctant to declare him as such. Only in the recent period some Banks are trying in this direction. In the meantime,
reports have come in the media that Mr. Vijay Mallya has resigned from UB Group and has decided to receive some compensation of $ 75 m 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. Still Vijay Mallya is adamant.
We call upon all our unions and members all over India to send telegram to Finance Minister ( Shri. Arun Jaitley, Hon. Finance Minister, North Block, New Delhi) or email ( [email protected] ) as under:
Learn Kingfisher Vijay Mallya is trying to leave India without repaying 7000 crores of loans to Banks – Demand immediate action to recover the dues and impound his passport – …………………….