India Abroad

2 Years After Fleeing From India, Vijay Mallya Makes An Offer To Repay His Loans

NEWS WORLD INDIA | 0
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| December 5 , 2018 , 12:26 IST

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.

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.

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.

ALSO READ: I Am Not An Absconder: Vijay Mallya

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.

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