Friday, March 29, 2024
ADVT 
International

Vijay Mallya Offers To Pay 100% Principal Amount, Makes 'Humble Request' To Banks, Govt On Twitter

Darpan News Desk IANS, 04 Dec, 2018 11:57 PM

    Fugitive liquor tycoon Vijay Mallya on Wednesday 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".

     

    Mallya, who has been fighting a legal battle against his extradition to India, claimed that he has been falsely dubbed as a "defaulter" by politicians and media.

     

    “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.

     
     
     
     

    In September, a UK court had fixed December 10 as the date to deliver its verdict on whether beleaguered liquor baron can be extradited to India to face charges of fraud and money laundering amounting to around Rs 9,000 crore.

     

    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.

     
     
     
     
     
     
     
     

    Reflecting on the downfall of KFA, he said, "Airlines are struggling financially because of high aviation turbine fuel (ATF) prices."

     

    He further said Kingfisher also faced the "highest ever crude prices of US$ 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.

    MORE International ARTICLES

    Indian Man Rajinder Sachdeva Gets Jail For Pocketing Nearly $3,00,000 In Kickbacks

    Indian Man Rajinder Sachdeva Gets Jail For Pocketing Nearly $3,00,000 In Kickbacks
    An Indian-origin former manager for a suburban bus agency has been sentenced to a year and a day in federal prison for pocketing nearly USD 300,000 in gratuities and kickbacks from contractors.

    Indian Man Rajinder Sachdeva Gets Jail For Pocketing Nearly $3,00,000 In Kickbacks

    Indian-Origin Woman Found Dead In UK Home Was Killed By Cheating 'Gay' Husband

    The husband of a 34-year-old Indian-origin pharmacist found dead in her home in Middlesborough, northern England, earlier this year has been found guilty of her murder on Tuesday.

    Indian-Origin Woman Found Dead In UK Home Was Killed By Cheating 'Gay' Husband

    India, US To Enhance Defence Ties As Nirmala Sitharaman Visits Pentagon

    US Defence Secretary Mattis welcomed his counterpart Nirmala Sitharaman to the Pentagon on Monday for the fourth set of talks the two defense leaders have held this year.

    India, US To Enhance Defence Ties As Nirmala Sitharaman Visits Pentagon

    Indian-Origin Man Jailed For Molesting Woman On Bus In Singapore

    Indian-Origin Man Jailed For Molesting Woman On Bus In Singapore
    The woman asked Kajayendran Krishnan to stop touching her but he persisted, calling her "sarakku", or "hot chick" in Tamil.

    Indian-Origin Man Jailed For Molesting Woman On Bus In Singapore

    UK Report Calls For Action Against Pakistani Gangs Targeting British-Sikh Girls

    UK Report Calls For Action Against Pakistani Gangs Targeting British-Sikh Girls
    British Sikh girls being targeted by Pakistani-origin grooming gangs for sexual abuse and exploitation over the years have not received full attention of the authorities due to political correctness, claims a new report released on Monday.

    UK Report Calls For Action Against Pakistani Gangs Targeting British-Sikh Girls

    Indian-Americans Seek Air India Service From Atlanta

    Indian-Americans have urged the Union Government to start Air India service from Atlanta in the US so as to facilitate better connectivity with their motherland.

    Indian-Americans Seek Air India Service From Atlanta

    PrevNext