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Vijay Mallya, who is currently facing extradition trial over fraud and money laundering charges in a UK court by Indian authorities, has offered to pay back all of the principal amounts that he owes to the banks.
In a series of tweets, Mallya stated, “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 also 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.”
While talking about the money in question, he said: “Airlines struggling financially partly because 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.”
Mallya who is currently on bail on an extradition warrant defended himself by saying, “I have made settlement offers since 2016,” but all the offer made by him were rejected by the banks.
