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“False charges concocted by CBI, ED”: Vijay Mallya alleges wrongful targeting by agencies 

News RoomBy News RoomSeptember 12, 2026Updated:September 12, 202611 Mins Read
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On a damp September morning, thousands of miles from the country that once knew him as the King of Good Times, Vijay Mallya was not going quietly. The fallen airline tycoon, now a permanent fixture in Britain’s legal and media landscape, returned to his favourite battlefield—social media—to launch yet another offensive against the Indian agencies that have pursued him for years. In a string of posts on X, Mallya insisted that he was the victim, not the villain, of one of India’s most dramatic financial sagas. He reminded his followers that he had been branded a fugitive, but argued that the label was unfair because British legal proceedings had, in his telling, placed a bar on his travel and made it impossible for him to return to India. His words were drenched in the old defiance: “To my media friends-this is not a ‘rant’. These are facts that you do not want to correctly report. Love me, hate me, abuse me (as most do) or ignore me but I will not change. God gave me guts and strength and more importantly taught me truth eventually prevails. I remain deeply religious even though I terribly miss visiting all the sacred temples where I worshipped.” It was a classic Mallya performance—combative, wounded, theatrical, and unmistakably sincere in its own telling. For India’s investigative agencies, he remains the poster boy of corporate recklessness and bank fraud, a man who allegedly loaned extravagantly, defaulted spectacularly, and then fled. For Mallya himself, he is something else entirely: a businessman who lost his airline, but insists he never lost his honour. That gap between public enemy and self-styled martyr is where his latest message lives. He is not asking for sympathy. He is demanding that people think for themselves, that they question the official story, and that they see the agencies not as guardians of justice but as masters of deception. It is a familiar argument, repeated with increasing urgency from the safety of a foreign country, and one that still manages to provoke, frustrate, and divide opinion in India.

The immediate trigger for Mallya’s renewed anger was the Enforcement Directorate’s own publicity. He seized on two releases from the agency—one concerning attachments in an alleged money laundering case in Indore, and another describing searches and seizures at the residences of Karnataka Minister Satish Jarkiholi. For Mallya, these were not proof of diligent law enforcement but evidence of something far more sinister: an institution that announces accusations before they are tested, that destroys reputations without trial, and that uses the media as a weapon. “Shameful. In which Country in the World do any enforcement agency boast like this without a fair trial? Enforcement Directorate boasting this. No chargesheet. No trial. Just character assassination in public. This does not happen in any other Country. Please think for yourself,” he wrote. There is a human dimension to this that is difficult to ignore, even for those who believe Mallya deserves everything coming to him. To be publicly named, searched, attached, and condemned in press releases before legal guilt is established would feel like persecution to almost anyone. Mallya knows this. He leans into it. He presents himself as the man who stood strong while the might of the Indian state crashed against him. He even extends that sympathy to others, suggesting that he pities “all those other victims who have been wrongly targeted by these agencies.” Whether that pity is genuine or just a convenient rhetorical device is impossible to know. But it reveals how he sees himself now: not as a fugitive hiding from justice, but as a truth-teller in exile, a man who has been punished in the court of public opinion without ever having his full defence heard. To his supporters, this is the courage of a man who refuses to break. To his critics, it is the shamelessness of a man who refuses to accept responsibility. In either case, Mallya’s performance is compelling enough to keep the spotlight on him, and that is exactly what he wants.

From the general assault on investigative agencies, Mallya turned to the specific charges that have haunted him for the better part of a decade. He claimed that both the Central Bureau of Investigation and the Enforcement Directorate had concocted charges against him, and that the loans taken by Kingfisher Airlines were approved by the banks in question. He focused on the Rs 900 crore IDBI Bank loan, a favourite source of grievance. According to Mallya, the CBI accused him and several others of improperly borrowing that amount—which he says was paid back in full with interest—in collusion with the bank’s chairman and managing director, and its executive directors. The agency alleged misrepresentation, and pointed out that he had met the bank chiefs on a Saturday. But Mallya asks, with theatrical incredulity, where is the evidence of graft? He argues that the loan was approved at every stage, including by the IDBI Bank Board. Then comes the killer question, delivered with all the indignation he can muster: “Were the Board representatives from RBI and Ministry of Finance sleeping?” It is a powerful line. It asks ordinary Indians to imagine a system in which a fraudulent loan could pass through multiple layers of professional scrutiny, with independent directors sent by the central bank and the finance ministry, and yet somehow be the fault of one man. In Mallya’s narrative, he is not a master manipulator who outwitted the system. He is a convenient scapegoat for a system that was itself complicit, approving his loans while he was a celebrated industrialist, then abandoning him when his airline collapsed. He also asks a painful question: why should he be the prime accused when so many others—bank officials, government directors, finance teams—approved the same decisions? There is a logic to this line of argument, and it resonates with anyone who has ever suspected that accountability in India is selective. But it also sidesteps the larger reality: that Kingfisher Airlines collapsed owing thousands of crores, that thousands of employees and creditors were left unpaid, and that Mallya chose to leave India rather than continue facing the legal process.

Perhaps the most personal allegation Mallya addressed was about his Airbus Corporate Jet. The CBI, he said, claimed that he was criminally liable because he used the jet for personal purposes. But the deeper grievance, in his telling, was darker: the agency tried to force him to name a particular individual who had travelled with him, and he refused. He does not name that individual, leaving the detail dangling, an unfinished sentence in a long legal history. That refusal, he suggests, was an act of integrity. It fits the image he wants to project: a man of loyalty and guts, even in the face of pressure. Then he turns the question around. “So many Industrialists own Corporate Jets in India now. Are they performing a criminal act by carrying family and friends?” It is a fair point about double standards. In India’s corporate world, the use of company aircraft for personal travel is widespread, and almost never treated as criminal. Why then, he asks, should it be criminal for him? He also points out that his other successful companies paid charter fees to Kingfisher Airlines, implying that the jet use was not simply a free perk but a legitimate business transaction. Whether those charter fees were real or merely accounting exercises is a matter for courts to decide. But the broader complaint—that he is being judged by rules that are applied selectively against him and not against other industrialists—touches something deep in the Indian public’s uneasy relationship with wealth and power. At the same time, there is a weariness to his words. He speaks of the “dreaded CBI” almost as a child might speak of a monster under the bed. He presents himself as a man who refused to be broken, who refused to name names, who took the punishment rather than surrender his principles. It is a strange role for a man whom many have describe as the face of corporate impunity, but Mallya has always understood the power of narrative. He may be losing in the courts, but he is fighting for something more elusive: the story that history will remember.

Yet underneath all the bravado, there are cracks in his story, and the Indian legal system has not let them heal. Mallya has repeatedly claimed that the Enforcement Directorate itself admitted in an affidavit to the Bombay High Court that it had recovered Rs 14,131.60 crore from him and paid it to the banks to which he owed money. That is a staggering figure, enough to make anyone pause. If a man has paid back his debts in full, does fugitive status still make sense? Should he still be stripped of assets and branded a criminal? These are the questions Mallya wants ordinary Indians to ask. But the Bombay High Court has already given its answer. In February this year, it reprimanded him, saying that he cannot seek equitable relief while deliberately avoiding court proceedings. The court gave him a final chance to clarify whether he intends to return to India. Mallya has not returned. His petition challenges the Fugitive Economic Offenders Act itself, and the declaration that he is a fugitive. The legal battle is deeply technical, but the human story underneath is not. A man who once lived like a maharaja now watches from a foreign country as his fate is decided in courtrooms he refuses to enter. He says he cannot come because he fears for his safety and because the law in Britain has restricted his movement. His critics say he simply will not face the music. Somewhere between those two versions lies the reality, and it is probably more complicated than either side admits. The recovery of money complicates the simple moral tale of a thief on the run. The unpaid employees, the ruined suppliers, the stranded passengers, and the banks that had to write off billions complicate the simple moral tale of an innocent man destroyed by malicious agencies. The truth is likely somewhere in the grey territory between hero and villain, where Mallya himself claims to live.

In the end, this is not just a legal story. It is a deeply human one, about pride, fear, memory, and the stories we tell to survive our own failures. Vijay Mallya was never a quiet man. He was loud, extravagant, and adored the spotlight. Now, from exile, he still craves it, and he uses it with the skill of a man who has spent his life performing. He says he will slowly reveal all the lies and false charges concocted by the CBI and the ED, and that he has stood strong and patient because he does not believe in giving up to falsehood. There is something almost admirable in that stubbornness, even if you believe he is wrong. There is also something tragic about a man who once ruled the skies over India now reduced to fighting his battle through tweets, watching from afar as his empire is dismantled piece by piece in the courts. He misses the temples he used to worship in, he says, and that small confession carries real weight. Beneath the anger and the self-justification, there is loss. A lost country, a lost empire, a lost life. Mallya may never win back his freedom, and he may never change the minds of the millions who see him as a symbol of aristocratic dishonesty. But what he clearly still has is the need to be heard, to be understood, to leave behind a version of events in which he is not the villain. Whether he will succeed is another question. The courts will decide his legal status. The public will decide his historical legacy. And Mallya, from his distant perch in London, will keep writing, keep fighting, and keep insisting that truth eventually prevails. For a man who has lost so much, the fight itself has become a form of survival. And perhaps that, more than anything, is what these angry, defiant, endlessly repetitive posts are really about.

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