UB City no longer belongs to Vijay Mallya; it is ‘sold’
- Farmers auctioned the UB City, including its parking post
- They were arrested by the police and lodged in the station
- Can the UB City be auctioned? Read to know...
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Farmers of the state under the banner of Karnataka Raitha Sangha and Janashakthi Sanghatane had gathered in front of the most controversial structure UB City, still technically owned by defaulter Vijay Mallya. They staged a protest and symbolically auctioned the structure.
The unique protest was held against the State Bank of India banks writing off Vijay Mallya’s ₹1,200 core loan. Farmers demanded that their loans also be waived off as they had incurred a loss due to drought this year.
The farmers had initially gathered at the City Railway Station and had planned to conduct a protest march to the UB City. But the police arrested more than 50 farmers at the City Railway Station. However, some farmers reached the UB City and started bidding on the UB City property. Soon after the bidding process, police arrested all the farmers and lodged them at the Adugodi Police station. All the arrested protesters were released in the evening.
The Kingfisher Tower was sold for a bid amount of ₹398.04 crore, UB One Tower was sold for a bid amount of ₹712.73 crore and the commercial place for ₹175.73 crore. Even car parking area was sold for ₹81.67 crore.
After the completion of mock auction session, the farmers urged the government to sell those premises to interested parties for the said bid amount and waive off the crop loans against the sale.
“Vijay Mallya who has taken loans amounting thousands of crores is absconding. Enforcement Directorate has decided to confiscate the entire UB city owned by Vijay Mallya. But so far no one has come forward to confiscate it,” said Nagendra, Raitha Sangha leader.
He urged the government to confiscate properties owned by Vijay Mallya, who is a defaulter of the loan and waive off crop loans of farmers.
H V Vasu, leader of Janashakti Sanghatane told that both state and the Centre have turned a deaf ear towards the demands of farmers and have become blind to Vijay Mallya’s defaulting.
In case Karnataka and the Centre do not take the issue up in the Assembly, we will even auction the dignity of respective leaders. They even had fixed the rates for the dignity of Prime Minister Narendra Modi, Karnataka Chief Minister Siddaramaiah and collectively opposition parties to 3 paise each.
