Vijay Mallya Ready To Return To India If Assured Safety, Freedom

| } May 16 , 2016 , 13:56 IST
vijay mallyaThe liquor baron Vijay Mallya who is currently under pressure from banks to repay loans of Rs. 9,000 crore, has conveyed to his United Breweries board of directors that he is ready to return to India if assured his safety and freedom. Economic Times quoted Independent Board Member of United Breweries-Kiran Mazumdar Shaw stating that Mallya is in serious renegotiations with the banks and is working on yet another settlement deal which he intends to fulfil. Shaw added that Mallya has the full support of the board and strategic partner Heineken. Mallya delivered his message in a United Breweries Ltd (UBL) board meeting that he chaired by video-conference.The meeting was held in Mumbai on Friday. The business tycoon has been residing in the UK from last two months and now the Enforcement Directorate is seeking to extradite him. Earlier, ED requested the United Kingdom to deport Mally; however the UK denied the request. The Finance Minister Arun Jaitley on Monday said "The UK does not deport a person who has valid documents. Government looking into all options: Finance Minister Arun Jaitley on Vijay Mallya."

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