Business

Vijay Mallya Offers To Repay 100 Per cent Of Principal Loan To Indian Banks

“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% back. I humbly request the Banks and Government to take it. If payback refused, WHY ?,” said Mallya in a tweet (Photo: Chris Ratcliffe/Bloomberg via Getty Images).

By: Radhakrishna N S

India’s business tycoon Vijay Mallya on Wednesday (5) asked various Indian banks to accept his offer to repay 100 per cent of the principle loan sum he is liable to repay them. Mallya’s offer has come just a few days ahead of UK court’s judgement on his petition not to extradite him to India. Mallya also added that his extradition from the UK to India will take its own legal course, while offering to repay 100 per cent of loan obtained from Indian banks. The former liquor baron who is on bail in the UK on an extradition warrant after…

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