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Fugitive businessman Vijay Mallya, who is being investigated for fraud and money laundering through a series of tweets offered to pay back 100% of the principal amount that he owed to banks, against his defunct airline Kingfisher Airlines, on Wednesday.
For three decades running India’s largest alcoholic beverage group, we 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.— Vijay Mallya (@TheVijayMallya) December 5, 2018
Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab 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 % of the Principal amount to them. Please take it.— Vijay Mallya (@TheVijayMallya) December 5, 2018
He also asserted that all allegations against him are false and politicians and media, who are constantly making noise about his default should also talk about a comprehensive settlement offer he made before the Karnataka High Court.
Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad.— Vijay Mallya (@TheVijayMallya) December 5, 2018
Mallya left India on March 2, 2016, and faces charges of defrauding banks to the tune of Rs 9,000 crore. He remains on bail on an extradition warrant executed by the Scotland Yard last year on fraud and money laundering charges.
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A ruling at the end of his extradition trial is expected at Westminster Magistrates Court in London on December 10.
Mallya’s tweets came hours after Christian Michel, the alleged middleman in AgustaWestland VVIP chopper deal, was brought to India from Dubai. It is India's first successful extradition since the country initiated similar proceedings against Mallya, Nirav Modi and Mehul Choksi.