Vijay Mallya questions ₹4,000 Cr mismatch in recovery figures; calls out Indian govt & banks, seeks independent audit

In the latest escalation of his long-running dispute with Indian authorities, embattled businessman Vijay Mallya has challenged the Government of India and state-owned banks over what he refers to as “conflicting and confusing” figures in regard to loan recoveries in his long-pending case.

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Took to X to highlight mismatch

Mallya, still in the UK as Indinehaa pursues his extradition, took to X on Monday to flag a nearly ₹4,000 crore mismatch between official statements made by the Finance Ministry and figures cited by banks.

His posts came a day after the latest written response in Parliament-December 1, 2025-by Minister of State for Finance Pankaj Chaudhary, who said ₹15,094.93 crore had been recovered from Mallya so a number considerably higher than previous numbers cited by the government.

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Discusses numbers

Vijay Mallya posted on X: “As per statement tabled in Parliament by the MOS Finance, total recoveries from me add up to Rs 15094.93 crores which is almost Rs 1,000 crores more than the figure stated by the Finance Minister in Parliament in December 2024. Why no explanation or statement of account ?”

Mallya mentioned that even the recovery amount-₹14,100 crore-announced by Finance Minister Nirmala Sitharaman in Parliament in December 2024, is far higher than the ₹10,000 crore figure that is so often referred to by banks.

He commented on the lax efforts by the bank and the government and also offered a solution to make this recovery seamless in a series of tweets.

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Suggests independent probe

He also asked why no consolidated, transparent account statement has been furnished to him or published in the public domain when there is such a variation as between ₹7,000 crore and ₹10,000 crore as outstanding dues attributed to him from different quarters. 

The judgment debt in its original form, he said, was ₹6,203 crore.

He stated: "Now, MOS tells Parliament that I still owe Rs 10,000 crores while Banks claim that I owe Rs 7,000 crores. No statement of account or credit for amounts recovered. Why not appoint a Retired Judge to investigate and find out the truth particularly since my judgement debt was Rs 6203 crores. Pathetic state of affairs vis a vis myself.”

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