Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, resigned from Rajya Sabha, a day before the Ethics Committee of the Upper House was set to recommend his expulsion.
Perhaps with a view of avoiding the ignominy of a formal expulsion, Mallya sent his resignation just prior to the decision of the committee. In his resignation letter to Rajya Sabha Chairman Hamid Ansari, he claimed that he did not want "my name and reputation to be further dragged in the mud".
With recent events apparently fresh on his mind, Mallya also claimed - "I will not get a fair trial or justice...I am hereby resigning as a member of the Rajya Sabha with immediate effect,".
This is Mallya's second term in Rajya Sabha and it would have otherwise come to an end on July 1.
Ethics Panel of the Upper House, which had taken up the matter, had unanimously decided in its April 25 meeting that Mallya should no longer remain a member of the House and was planning to recommend his expulsion in its next meeting on May 3.
At the same time, the panel had decided to give Mallya one week time to explain his conduct.
In a step closer to initiating his deportation, the government had over a week ago revoked the passport of Mallya, who is believed to be in the UK after leaving India on March 2.
Last Updated 31, Mar 2018, 7:06 PM