Day after Michel’s extradition, Mallya makes fresh offer to repay his loans
Team Udayavani, Dec 5, 2018, 10:48 AM IST
Mumbai: Fugitive liquor tycoon Vijay Mallya Wednesday said his extradition from the UK to India will take its own legal course, while offering to pay back 100 per cent of “public money”.
Mallya, who has been fighting a legal battle against his extradition to India, claimed that he has been falsely dubbed as a “defaulter” by politicians and media.
“I see quick media narrative about my extradition decision. That is separate and will take its own legal course,” he said in a series of tweets.
In September, a UK court had fixed December 10 as the date to deliver its verdict on whether beleaguered liquor baron can be extradited to India to face charges of fraud and money laundering amounting to around Rs 9,000 crore.
He further said, “The most important point is the public money and I am offering to pay 100 per cent back. I humbly request the banks and government to take it. If payback refused, WHY (sic),” he added.
Mallya, who fled to the UK in March 2016, is wanted in India over default of Rs 9,000 crore that was loaned to Kingfisher Airlines (KFA) by several banks.
He, however said, “Politicians and media are constantly talking loudly about me 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 Karnataka High Court. Sad.”
He claimed he had made the offer to settle the dues to the banks since 2016.
Reflecting on the downfall of KFA, he said, “Airlines are struggling financially because of hight aviation turbine fuel (ATF) prices.”
He further said Kingfisher also faced the “highest ever crude prices of USD 140 per barrel.”
“Losses mounted and that’s where the banks’ money went. I have offered to repay 100 per cent of the principal amount to them. Please take it,” he tweeted.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
‘COVID was different’: SC bemoans distribution of free ration
Five arrested in connection with botched angioplasty deaths at Gujarat hospital
Deceased Kannur official’s widow moves Kerala HC for CBI probe into his death
Kerala CM accuses Centre of turning ‘blind-eye’ towards Wayanad’s need for help
Construct iconic deep tech building in Amaravati, Andhra CM tells officials
MUST WATCH
Latest Additions
Alphabet gets CCI’s clearance to acquire stake in Flipkart
‘COVID was different’: SC bemoans distribution of free ration
Telugu actor Shri Tej booked for alleged cheating, false marriage promise
Five arrested in connection with botched angioplasty deaths at Gujarat hospital
Deceased Kannur official’s widow moves Kerala HC for CBI probe into his death
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.