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2-min read

Day After Christian Michel’s Extradition, Vijay Mallya Makes ‘Humble Request’ to Banks Via Twitter

Vijay Mallya claimed that his vast liquor empire, the United Breweries, contributed “handsomely” to state exchequers.

News18.com

Updated:December 5, 2018, 11:08 AM IST
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New Delhi: Fugitive tycoon Vijay Mallya has again made a fervent appeal to banks to accept his offer to pay back 100% of the principal loan amount, while denying that the move was linked to the extradition proceedings against him.

Mallya’s tweets came hours after alleged AgustaWestland VVIP chopper deal middleman Christian Michel was brought to India from Dubai, the first successful extradition since India initiated similar proceedings against economic offenders like Mallya, Nirav Modi and Mehul Choksi. Speaking to CNN-News18, Finance Minister Arun Jaitley said the trio would soon follow Michel.

Urging banks to accept his offer, Mallya maintained that the huge loans he took from banks went into keeping his now-defunct Kingfisher Airlines afloat despite high jet fuel prices. Mallya also claimed that his vast liquor empire, the United Breweries, contributed “handsomely” to state exchequers.

“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 (sic),” he said.

As speculation mounted on the timing of Mallya’s tweets following Michel’s extradition, the liquor baron said, “I see the quick media narrative about my extradition decision. That is separate and will take its own legal course…”

Mallya left India on March 2, 2016, and faces charges of defrauding banks to the tune of Rs 9,000 crore. He is currently in London where a court finished hearing on India's extradition case against him in September this year and is due to pronounce its verdict on December 10.

| Edited by: Nitya Thirumalai
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