Mallya saga cannot undo good work done by corporates: Commerce Minister

New Delhi

Responding to a question whether the Vijay Mallya episode will dent India’s image among investors, Nirmala Sitharaman said, “All over the world, corporate misconduct happens. You have heard of so many different stories all over the world... it is not only in India. And just that one incident cannot be reflective of all the good work, which is being done by so many good companies, which are not just in India but also carrying the flag abroad.” Sitharaman, however, said the nation could learn lessons and take steps to prevent recurrence of such corporate misdemeanours in future. “Many multinationals from India today are performing all over the world. So I don’t think it will have a bad impact although we can use that as an example where if there are lessons to be learned about how we need to have a bit more due diligence, we need to do the course correction,” she said.