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Mallya Offers to Repay 100% Bank Money

Mallya Offers to Repay 100% Bank Money

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  6 Dec 2018 7:35 AM GMT

New Delhi: Absconding liquor baron Vijay Mallya, wanted in a Rs 9,000 crore bank loan default case, on Wednesday offered to pay back “100 per cent of the principal amount” as speculations over his extradition were raised after AgustaWestland middleman Christian Michel was brought here for interrogation.

His move came a day after the British national and middleman in the Rs 3,600 crore AgustaWestland VVIP chopper deal was extradited to India from Dubai and handed over to the Central Bureau of Investigation (CBI) late on Tuesday.

Lashing out at the quick media narrative about his extradition to India, Mallya said: “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 per cent back. I humbly request the banks and government to take it. If payback refused, Why?” he said.

Late in 2017, India filed extradition proceedings against him which he has contested and pending the final verdict in the case, he is currently on bail in London. The court is set to pronounce its verdict on December 10.

“Airlines struggling financially partly because of high ATF (Aviation Turbine Fuel) prices. Kingfisher was a fab(ulous) 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 per cent of the principal amount to them. Please take it,” Mallya tweeted. Kingfisher began defaulting on loans beginning 2009-10. Hitting out at the political parties and media for accusing him of running away with the money, the head of the now defunct Kingfisher Airlines said that all of the accusation was false. “Politicians and media are constantly talking loudly about my being a defaulter who has run away with PSU (public sector undertaking) banks’ 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,” he said. (IANS)

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