Vijay Mallya ready for the total loan repayment. Govt. yet to respond

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

He congratulated the Indian government over the Rs 20 lakh crore economic package. He has expressed his grief that his offers to repay the dues have been ignored time and again.

“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 per cent payback of State-owned Bank loans be constantly ignored?” he said in a tweet.

Mallya, is the promoter of the defunct Kingfisher Airlines. He is wanted in India over alleged fraud and money laundering charges amounting to estimated Rs 9,000 crore.  “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 which he lost today.

In the past, Mallya had tweeted that he had offered to pay 100 per cent 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.