Home Breaking News Vijay Mallya’s resignation from Rajya Sabha accepted

Vijay Mallya’s resignation from Rajya Sabha accepted

Vijay Mallya’s resignation from Rajya Sabha accepted
Source: Livemint

New Delhi, May 4 : Rajya Sabha Chairman Hamid Ansari accepted Vijay Mallya‘s resignation from the home on Wednesday, a day after the embattled liquor baron, accused of defaulting on a Rs.9,000-crore mortgage he had taken from Indian banks, determined to give up “consistent with the very best requirements of ethics” as a member of parliament.

Source: Livemint

The dramatic acceptance of resignation got here whilst the home ethics panel earlier advised that the flamboyant businessman be expelled from the Rajya Sabha as his resignation letter received on Tuesday didn’t have his authentic signature.

Nevertheless, Rajya Sabha sources mentioned Mallya despatched one other resignation letter to the chairman earlier than the home might have taken the ethics panel report in search of his expulsion “with rapid impact”.

“The Rajya Sabha accepts the resignation of Vijay Mallya with impact from May 4 (Wednesday),” Deputy Chairman P.J. Kurien introduced in the home.

The ethics panel at its assembly on Tuesday advised Mallya‘s expulsion. A panel report tabled in the home by its chairman Karan Singh mentioned the “committee hopes that by taking such stern motion, a message would attain most people that parliament is dedicated to take such steps as are needed in opposition to erring members to uphold the dignity and status of this nice establishment”.

Mallya is accused of defaulting on greater than Rs.9,000 crore in loans he had taken from a consortium of banks. He left India on March 2 and is believed to be residing in the UK. His passport was revoked after he failed to seem earlier than the Enforcement Directorate regardless of three consecutive summons in an alleged cash laundering case.

Mallya was elected to the Rajya Sabha in 2002 and once more in 2010 as an impartial member from Karnataka. His present time period was to finish on June 30.

He left India on March 2 as banks started placing stress on him to repay the loans. Mallya, who claims to be in a pressured exile, has denied he has defaulted and stated he was the sufferer of media trial and a “lynch mob mentality”.


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