Home / Breaking News / Ready to settle bank dues: Vijay Mallya | India News

Ready to settle bank dues: Vijay Mallya | India News

NEW DELHI: In a series of tweets in early Thursday morning, fugitive businessman Vijay Mallya reiterated his offer to settle all his bank dues. Mallya’s offer to settle dues came in response to PM Modi’s speech in the Lok Sabha on Wednesday.

“The Prime Ministers last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with Rs 9,000 crores. Given the media narrative I can only infer that reference is to me,” Mallya said in a tweet.

“Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher,” he said in another tweet.

“I have made the offer to settle before the Hon’ble High Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the banks take the money lent to KFA,” the fugitive businessman asked.

“Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately Rs 14,000 crores worth of assets openly in front of court? Shameful misleading of public opinion but unsurprising,” Mallya said in another tweet.

Mallya last month became the first businessman to be declared as a fugitive economic offender (FEO) under the Fugitive Economic Offenders Act, which came into existence in August, 2018.

He had left the country on March 2, 2016. A London court had, on December 10, 2018, ordered his extradition.

Mallya’s extradition had been approved by the UK home secretary, the British government said on Monday, in a major blow to the liquor baron and boosting India’s efforts to bring back the fugitive businessman.

Subsequently, Mallya said he would initiate the process to file an appeal against his extradition.

(With inputs from agencies)

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