Vijay Mallya offers to return 100% of public moneyDecember 05, 2018
New Delhi: Fugitive bank loan fraud accused liquor tycoon Vijay Mallya 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”.
“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.
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.
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
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