Vijay Mallya wants India to accept dues repayment ‘unconditionally’ and close his case


File photo of Indian tycoon Vijay Mallya (TOLGA AKMEN/AFP via Getty Images)
File photo of Indian tycoon Vijay Mallya (TOLGA AKMEN/AFP via Getty Images)

VIJAY MALLYA, who is fighting against his extradition to India, has yet again asked the Indian government to accept his offer to repay 100 per cent of his loan dues and close case against him.

While congratulating the Modi government over its £216-billion economic package in a tweet, the liquor baron lamented that his repeated offers to repay his dues had been rejected.

He said: “….should a small contributor like me who offers 100% payback of State owned Bank loans be constantly ignored?”

Mallya, promoter of the defunct Kingfisher Airlines, who is wanted in India over alleged fraud and money laundering charges amounting to nearly £1 billion, added,”Please take my money unconditionally and close.”

Earlier this month, Mallya had filed an appeal in the UK Supreme Court after losing an appeal in the London High Court against an extradition order to India on alleged charges of fraud and money laundering related to unrecovered loans to Kingfisher Airlines.

In the past, Mallya had tweeted that he had offered to pay 100 per cent of the amount borrowed by Kingfisher Airlines, but the banks did not accept his offer and the Enforcement Directorate refused to release his attached assets at the behest of the banks.

Analysts said India had been rejecting his settlement offers, as authorities want him to face the law of the country.