'Please Take It': Vijay Mallya Offers To Repay 100% Of Public Money

LONDON — Fugitive liquor baron Vijay Mallya on Wednesday appealed to more than a few Indian banks to simply accept his be offering to pay again 100 % of the essential mortgage quantity he owes to them, days forward of a UK courtroom’s determination on his plea to not extradite him to India.

The 62-year-old former Kingfisher Airline boss, who has been on bail in the United Kingdom on an extradition warrant since his arrest in April ultimate 12 months, is combating extradition to India on fees of fraud and cash laundering amounting to round Rs nine,000 crore.

In a chain of tweets, the embattled businessman stated that the massive loans he took from banks went into maintaining his now-defunct Kingfisher Airways afloat regardless of top jet gasoline costs.

“Airways suffering financially in part on account of top ATF costs. Kingfisher was once a groovy airline that confronted the perfect ever crude costs of $140/barrel. Losses fastened and that is the reason the place Banks cash went . I’ve presented to pay off 100 % of the essential quantity to them. Please take it (sic).”

Mallya additionally claimed that his huge liquor empire, the United Breweries, contributed “handsomely” to the state exchequer.

“Unhappy lack of the best Airline however nonetheless I be offering to pay Banks so no loss. Please take it,” he stated.

“Politicians and the media are repeatedly speaking loudly about my being a defaulter who has run away with PSU Financial institution cash. All that is false. Why do not I am getting honest remedy and the similar loud noise about my complete agreement be offering sooner than the Karnataka Top Court docket,” he stated.

“I see the fast media narrative about my extradition determination. This is separate and can take its personal criminal path. An important level is public cash and I’m providing to pay 100 % again. I humbly request the banks and Govt to take it,” he stated.

ALSO READ: AgustaWestland Chopper Deal: Middleman Christian Michel Extradited To India, Questioned By CBI

Mallya’s tweets got here hours after alleged AgustaWestland VVIP chopper deal intermediary Christian Michel was once dropped at India from Dubai, the primary a hit extradition since India initiated identical court cases towards financial offenders like Mallya, Nirav Modi and Mehul Choksi.

A ruling on the finish of Mallya’s extradition trial is anticipated at Westminster Magistrates’ Court docket in London on 10 December.

The extradition trial, which opened on the London courtroom on four December ultimate 12 months, is geared toward laying out a prima facie case of fraud towards Mallya and setting up there are not any bars to him being extradited to stand Indian courts over the allegations in the case of loans made out to his now-defunct Kingfisher Airways.

In separate criminal court cases, the businessman had additionally misplaced his attraction in the United Kingdom’s Court docket of Attraction towards a Top Court docket order in favour of 13 Indian banks to get well price range amounting to almost 1.145 billion kilos.

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