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Vijay Mallya Resigns As MP.Before he could be expelled, tycoon Vijay Mallyahas resigned from the Rajya Sabha in a letter sent from London.The Ethics Committee of Rajya Sabha was prepping to remove Mr Mallya this week.He has made it clear that he has no plans to return home from the UK to face banks to whom his defunct Kingfisher Airlines owes over a billion dollars.Mr Mallya, 60, last week described his status as “forced exile“, blaming banks for refusing several plans for repayment offered by him.
Vijay Mallya Resigns As MP

Vijay Mallya Resigns As MP 

“We have always been in dialogue with banks saying: ‘We wish to settle’. But we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before,” Mr Mallya said in an interview to a newspaper last week.Mr Mallya, 60, flew first class from Delhi to London on March 2 at a time when state-controlled banks belatedly accelerated efforts to recover the $1.4 billion owed by his collapsed Kingfisher Airlines Ltd.
Vijay Mallya Resigns As MP from the Rajya Sabha

India has asked for Britain to deport him, and an arrest warrant has been issued for him by a Mumbai court for money-laundering charges. He has denied any wrongdoing.