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‘Please take it’: Vijay Mallya tweets offer to pay 100% back to banks, govt

Mallya, who is being investigated for fraud and money-laundering, “humbly requested” various banks to take back all the money he borrowed to keep his now-defunct Kingfisher Airlines afloat.

Updated on: Dec 5, 2018, 10:32:46 IST
Hindustan Times, New Delhi | By
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Liquor baron Vijay Mallya, who is being investigated for fraud and money-laundering, on Wednesday “humbly requested” various banks to take back all the money he borrowed to keep his now-defunct Kingfisher Airlines afloat as he slammed the Indian media for repeatedly calling him a defaulter.

Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd. (Bloomberg file photo)
Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd. (Bloomberg file photo)

“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 ? (sic)” Mallya said in a series of tweets.

Read | Vijay Mallya can’t be declared a fugitive, claims his lawyer in Mumbai court

Mallya fled India in March 2016 even as a debt court in Bengaluru was set to act against him for defaulting on loans issued by several banks led by the state-owned State Bank of India. The 62-year-old is fighting an effort to get him extradited to India on charges of fraud and money laundering.

He remains on bail on an extradition warrant executed by Scotland Yard last year on fraud and money laundering charges brought by the Indian government to the tune of nearly Rs 9,000 crore. A ruling in his extradition case is expected at Westminster Magistrates’ Court in London later in December.

Also read | In another setback for Vijay Mallya, court rejects plea to stay ‘fugitive’ proceedings

 
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