Home / Business / In A Series Of Tweets, 5 Days Before Extradition Verdict, Vijay Mallya Offers To Pay Banks 100 Percent Amount Due

In A Series Of Tweets, 5 Days Before Extradition Verdict, Vijay Mallya Offers To Pay Banks 100 Percent Amount Due

Picture : Twitter
Picture : Twitter

The embattled once ‘King Of Good Times’  liquor baron ,Vijay Mallya,  currently in London and whose extradition to India verdict is due to be announced by London court on December 10, has reached out to the banks through his twitter handle with an offer to repay the full amount .

According to media reports, Mallya has offered to pay back the full amount of the principal loan he owed to multiple banks and asserted that all the allegations against him are false.

Mallya’s dramatic u- turn could be the result of the extradition to India of the middleman in the Augusta Westland deal Christian Michel, a British national to India. As soon as the tweets became viral, Mallya , reacted to the media coverage in India .

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 ?

Mallya took to twitter and wrote, “Politicians and Media are constantly talking loudly about my 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 the Karnataka High Court. Sad.”

In the thread of tweets, Mallya claimed, “The Airlines struggled 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.”

 

 

“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,” Mallya added.

 

Last month, Mumbai special Prevention of Money Laundering Act court had rejected Vijay Mallya’s plea seeking a stay on hearing of Enforcement Directorate’s application to declare him a fugitive.

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