Vijay Mallya offers to repay 100% amount to banks,' 5 days before extradition verdict, says 'Please take it'
Fugitive business tycoon Vijay Mallya, days ahead of extradition verdict, offered to pay the full amount of the principal loan he owes to several banks, including SBI. Mallya is being investigated in fraud and money-laundering case.
Liquor baron, Mallya in a series of tweets said, "Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where Banks money went. I have offered to repay 100 % of the Principal amount to them. Please take it."
Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that’s where Banks money went.I have offered to repay 100 % of the Principal amount to them. Please take it.
— Vijay Mallya (@TheVijayMallya) December 5, 2018
I see the quick media narrative about my extradition decision. That is separate and will take its own legal course. The most important point is public money and I am offering to pay 100% back. I humbly request the Banks and Government to take it. If payback refused, WHY ?
— Vijay Mallya (@TheVijayMallya) December 5, 2018
Vijay Mallya owned Kingfisher Airlines and other businesses availed loans from several banks. Mallya flew away India after making multi-crore fraud to the banks. The outstanding amount that Mallya has to clear, including interest, is Rs. 9,990.07 crore, officials had said while filing the plea under the new law.
“Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad,” he tweeted further.
The 62-year-old Mallya has been fighting his extradition case, India's attempts to bring him back to face trial from last two years. The extradition trial of Mallya at Westminster Magistrates' Court in London later this month is expected end.
First published: 5 December 2018, 10:57 IST