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Vijay Mallya Offers To Pay “100%” To Banks
Businessman Vijay Mallya, who is undergoing an extradition trial in the UK over his money laundering and fraud charges from the Indian authorities appealed to the banks to accept 100 percent of the principal loan amount. "I am offering to pay 100% back. I humbly request the Banks and Government to take it," he said in a series of tweets today.
Incidentally, the tweets come hours after the alleged Augustwestland VVIP chopper deal middleman-Christian Michel was extradited to India from Dubai. This has been India's first successful extradition. The authorities have initiated similar proceedings against other infamous economic offenders like Nirav Modi, Mehul Choksi and Vijay Mallya.
Mallya, however, denied that his decision was linked to his own extradition process. "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 ?," he tweeted.
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) 5 December 2018
In another tweet, he said, "For three decades running India's largest alcoholic beverage group, we contributed thousands of crores to the State exchequers. Kingfisher Airlines also contributed handsomely to the States. Sad loss of the finest Airline but still I offer to pay Banks so no loss. Please take it."
For three decades running India’s largest alcoholic beverage group, we contributed thousands of crores to the State exchequers. Kingfisher Airlines also contributed handsomely to the States. Sad loss of the finest Airline but still I offer to pay Banks so no loss. Please take it.
— Vijay Mallya (@TheVijayMallya) 5 December 2018
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) 5 December 2018
