Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 percent of his loan dues and close case against him

Press Trust of India May 14, 2020 11:22:27 IST
Former liquor baron Vijay Mallya asks govt to accept loan repayment offer, close case against him

New Delhi: Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 percent of his loan dues and close case against him.

While congratulating the Indian government over the Rs 20 lakh crore economic package, Mallya lamented that his repeated offers to repay his dues have been ignored.

"Congratulations to the Government for a Covid 19 relief package. They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of State-owned Bank loans be constantly ignored?" he said in a tweet.

Former liquor baron Vijay Mallya asks govt to accept loan repayment offer close case against him

File image of Vijay Mallya. Reuters

Mallya, promoter of the defunct Kingfisher Airlines, who is wanted in India over alleged fraud and money laundering charges amounting to estimated Rs 9,000 crore, added, "Please take my money unconditionally and close."

Click here to follow LIVE news and updates on stock markets

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 percent of the amount borrowed by Kingfisher Airlines to the banks but neither banks were willing to take the money nor the Enforcement Directorate was willing to release his attached assets at the behest of the banks.

Updated Date:

also read

NAN Scam: High Court Judge was in touch with people who were helping accused, says ED
India

NAN Scam: High Court Judge was in touch with people who were helping accused, says ED

The alleged NAN scam had emerged in 2015, during the previous BJP government in Chhattisgarh, when the Opposition had raised allegations of corruption in the Public Distribution System

HC seeks ED stand on Satyendar Jain's challenge to transfer of money laundering case
India

HC seeks ED stand on Satyendar Jain's challenge to transfer of money laundering case

Justice Yogesh Khanna issued notice on Jain's plea and asked the investigating agency to file a "short reply" while listing the case for further consideration on 28 September.

India logs 4,800 new COVID-19 infections, active cases jump to 48,027
India

India logs 4,800 new COVID-19 infections, active cases jump to 48,027

The active cases comprise 0.11 per cent of the total infections, while the national COVID-19 recovery rate has increased to 98.71 per cent, the health ministry said