oppn parties Mallya-Jaitley: Political Capital Out of Sidling Up

News Snippets

  • The Indian envoy in Bangladesh was summoned by the country's government over the breach in the Bangladesh mission in Agartala
  • Bank account to soon have 4 nominees each
  • TMC and SP stayed away from the INDIA bloc protest over the Adani issue in the Lok Sabha
  • Delhi HC stops the police from arresting Nadeem Khan over a viral video which the police claimed promoted 'enmity'. Court says 'India's harmony not so fragile'
  • Trafiksol asked to refund IPO money by Sebi on account of alleged fraud
  • Re goes down to 84.76 against the USD but ends flat after RBI intervenes
  • Sin goods like tobacco, cigarettes and soft drinks likely to face 35% GST in the post-compensation cess era
  • Bank credit growth slows to 11% (20.6% last year) with retail oans also showing a slowdown
  • Stock markets continue their winning streak on Tuesday: Sensex jumps 597 points to 80845 and Nifty gains 181 points to 24457
  • Asian junior hockey: Defending champions India enter the finals by beating Malaysia 3-1, to play Pakistan for the title
  • Chess World title match: Ding Liren salvages a sraw in the 7th game which he almost lost
  • Experts speculate whether Ding Liren wants the world title match against D Gukesh to go into tie-break after he let off Gukesh easily in the 5th game
  • Tata Memorial Hospital and AIIMS have severely criticized former cricketer and Congress leader Navjot Singh Sidhu for claiming that his wife fought back cancer with home remedies like haldi, garlic and neem. The hospitals warned the public for not going for such unproven remedies and not delaying treatment as it could prove fatal
  • 3 persons died and scores of policemen wer injured when a survey of a mosque in Sambhal near Bareilly in UP turned violent
  • Bangladesh to review power pacts with Indian companies, including those of the Adani group
D Gukesh is the new chess world champion at 18, the first teen to wear the crown. Capitalizes on an error by Ding Liren to snatch the crown by winning the final game g
oppn parties
Mallya-Jaitley: Political Capital Out of Sidling Up

By Linus Garg
First publised on 2018-09-13 13:02:44

About the Author

Sunil Garodia Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.
The Arun Jaitley-Vijay Mallya meeting issue has been blown out of proportion by a section of the press. If the fugitive entrepreneur was a member of parliament, he had access to the same pathways, halls and corridors which the finance minister had. If he catches up with the minister in one of these corridors and whispers something to him, does it qualify as a meeting? Obviously, it depends on what meaning one assigns to the word meeting. The dictionary says meeting means either “an assembly of people for a particular purpose, especially for formal discussion” or “a situation when two or more people meet, by chance or arrangement.

In this case, what Vijay Mallya first said in London, he obviously tried to portray the first meaning – that he had met the finance minister for a formal discussion, which obviously was not the case. Mallya himself admitted as much. In any case, whose word would you believe – that of a fugitive and absconder or a government minister? Jaitley has confirmed that Mallya had sidled up to him in the corridors of parliament one day and said that he wanted to make an offer of settlement. Jaitley said he asked him to talk to his bankers.

But since Jaitley is a public figure, a minister and a lawyer to boot, he made a mistake by not making the chance meeting public. He should have issued a statement at that time saying that Mallya had tried to make such an offer. He should have realized that a person like Mallya would try to make political capital out of the chance meeting. But that mistake does not make Jaitley a colluder or helper. The biggest mistake the government made was in not getting a court order impounding Mallya’s passport (as also that of Nirav Modi, Mehul Choksi and other high profile borrowers who are suspect) when it was known that he was in financial difficulty and might flee the country any day. The mistake is being compounded by not finding a way to bring him, and the others, to face trial in India.