Nitin Gadkari Jumps to Vijay Mallya’s Defence: One Default Doesn’t Make Him a Fraud
The union minister also said, “If someone’s facing a hurdle and if we stamp him as a fraud, our economy will not progress."
Nitin Gadkari reportedly said that it was not the ‘right mentality’ to term Vijay Mallya as a fraud because of one-time default in the repayment of loans. Gadkari’s statement came at the Times of India Economic Conclave in Mumbai on Thursday, December 13.
Economic Times reported the union minister said, “Mallya paid his dues and interests regularly for 40 years. Post that, he entered the aviation sector and faced hurdles…does that make him a thief? It is fine when a person pays his dues for 50 years…he defaults once and instantly becomes a fraud! This mentality isn’t right.”
He added, “If someone’s facing a hurdle and if we stamp him as a fraud, our economy will not progress.”
According to the ET report, Gadkari said while everyone was allowed one mistake: it should be “bona fide.” “Our approach these days, that every man is a thief, shouldn’t be there,” he said, reported ET.
Gadkari’s statements follow the extradition order for Mallya, passed by a British court Monday, December 10.
Mallya had fled India in March 2016, after defaulting on loans worth Rs 9,000 crore.