Swiss government gives information to Mallya’s bank accounts to India

Swiss government gives information to Mallya’s bank accounts to India

The Switzerland government has decided to divulge the accounts of Swiss bank accounts and three companies of Vijay Mallya, who fled to England in relation to the debt of 9,000 crores of Indian banks. Mallei had also run in the Supreme Court of Switzerland against the decision, but in this case, the court has agreed with the Swiss government.
The Swiss government has decided to give Jail Mallya’s Swiss bank accounts and information of three companies to the CBI.
In August 2018, Swiss Bank had frozen Mallya’s various deposits.

The Switzerland government has decided to divulge details of Swiss bank accounts and three companies of Vijay Mallya, who fled to England by duplicating over 9,000 crores of Indian banks. Mallei had also run in the Supreme Court of Switzerland against the decision, but in this case, the court has agreed with the Swiss government.

Vijay Mallya fled to London in 2016 after dipping the debt of Indian banks by 9 000 crores. Just a few days ago, the London High Court had ordered Mallya to surrender. Meanwhile, in August 2018, Swiss Bank had frozen Mallya’s various deposits. After that, it was decided to give information about his accounts to the Indian government. The Swiss Supreme Court had opposed Malley’s decision.

The matter of the Malla is currently handled by the CBI. The CBI’s second-ranking officer Rakesh Asthana was accused of being corrupt. He also argued that he was violating the European Union’s law to arrest him. But the Swiss Supreme Court has rejected his plea and he will soon get information that Mallya has a bigger amount in the account.

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