{"id":307009,"date":"2018-12-14T11:16:30","date_gmt":"2018-12-14T11:16:30","guid":{"rendered":"http:\/\/tehelka.com\/?p=307009"},"modified":"2018-12-14T11:16:30","modified_gmt":"2018-12-14T11:16:30","slug":"it-is-unfair-to-label-one-time-loan-defaulter-vijay-mallya-as-thief-says-nitin-gadkari","status":"publish","type":"post","link":"https:\/\/tehelka.com\/it-is-unfair-to-label-one-time-loan-defaulter-vijay-mallya-as-thief-says-nitin-gadkari\/","title":{"rendered":"It is unfair to label one-time loan defaulter Vijay Mallya as thief, says Nitin Gadkari"},"content":{"rendered":"<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-301166 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2018\/08\/gadkari-300x231.jpg\" alt=\"\" width=\"300\" height=\"231\" srcset=\"https:\/\/tehelka.com\/media\/2018\/08\/gadkari-300x231.jpg 300w, https:\/\/tehelka.com\/media\/2018\/08\/gadkari-768x591.jpg 768w, https:\/\/tehelka.com\/media\/2018\/08\/gadkari-696x536.jpg 696w, https:\/\/tehelka.com\/media\/2018\/08\/gadkari-545x420.jpg 545w, https:\/\/tehelka.com\/media\/2018\/08\/gadkari.jpg 770w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Union Minister Nitin Gadkari on December 13 suggested that it is unfair to label a &#8220;one-time loan defaulter Vijay Mallyaji&#8221; as a &#8220;chor&#8221; (thief), adding that the businessman has a four-decade-long track record of timely debt servicing.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The minister made these remarks at a forum in Mumbai as part of the Times Network India Economic Conclave.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Gadkari, however, clarified that he has no business dealing with Mallya, who faces extradition from the United Kingdom for alleged bank fraud and money laundering amounting to an estimated Rs. 9,000 crore.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">&#8220;For 40 years Mallya was regularly paying the interest on his loans. After entering the aviation sector, he started facing problems, and suddenly he became a thief? If a person repays the interest for 50 long years, and if he defaults once, then suddenly everything is fraud? This kind of mindset is not correct\u201d he said.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">He further said, &#8220;If someone says that Nirav Modi was a thief, I will agree, he should be put behind bars, but whoever comes in distress and if we tag them as a fraudster then our economy will not progress.&#8221;<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Gadkari even added that every business has risks and entails making mistakes. But if \u201cthe mistakes are bona fide\u201d, and if the problems are due to global recession or some internal issues or industrial problems, the person should be helped.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Minister Nitin Gadkari on December 13 suggested that it is unfair to label a &#8220;one-time loan defaulter Vijay Mallyaji&#8221; as a &#8220;chor&#8221; (thief), adding that the businessman has a four-decade-long track record of timely debt servicing. The minister made these remarks at a forum in Mumbai as part of the Times Network India Economic [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":301166,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[4027,2888],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/307009"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=307009"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/307009\/revisions"}],"predecessor-version":[{"id":307010,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/307009\/revisions\/307010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/301166"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=307009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=307009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=307009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}