Jaitley: Democracy liberal enough in U.K. for defaulters to stay


India finance minister Arun Jaitley has said democracy is liberal enough in the UK to permit defaulters to stay there and that “normal” needs to be cracked, in an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases. Referring to loan default as a major problem that needs to be addressed, Union Minister for Finance and Corporate Affairs said India was no longer willing to let defaulters escape the law. “Many thought that when you take loan from the banks, the money need not be re-paid and you can come to…

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