Vijay Mallya wants to pay back '100% public money' that he embezzled, pleads for banks to take it
Absconding liquor baron
His move came a day after the British national and middleman in the ₹36 billion 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.
I see the quick media narrative about my extradition decision. That is separate and will take its own legal course.… https://t.co/Yrgd8rvaWV— Vijay Mallya (@TheVijayMallya) 1543979514000
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.
Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highes… https://t.co/9UGPrM8U8i— Vijay Mallya (@TheVijayMallya) 1543971224000
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
Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money… https://t.co/I1pIaYZmaS— Vijay Mallya (@TheVijayMallya) 1543969966000
On September 12, during the hearing of his case in London's
"I had a scheduled meeting in Geneva. I met the Finance Minister before I left... repeated my offer to settle with the banks. That is the truth."
Mallya had said he had also told Jaitley that he was leaving for London.
Mallya, who left India on March 2, 2016, also claimed that he had made a comprehensive settlement offer before the
The liquor barron also pointed out that for three decades by running India's largest alcoholic beverage group, he 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," he said in another tweet.
Mallya is wanted for committing alleged bank frauds of ₹90 billion, and is currently holed up in the UK, fighting several cases.
On June 22, the Enforcement Directorate had moved the Special PMLA Court to declare Mallya a 'fugitive economic offender' and confiscate all his properties, estimated at more ₹120 billion, making it the first such case of its kind under the new FEOA (Fugitive Economic Offender Act) law.