Vijay Mallya seeks approval from K'taka court to sell assets to repay loans
London, June 26 (IBNS): Asserting that he is making all efforts to settle his dues in India, fugitive business tycoon Vijay Mallya on Tuesday stated that he had sought approvals from a Karnataka court to sell his assets worth Rs. 13,900 crore to repay the creditors including banks, media reports said.
In a statement released from United Kingdom, Mallya said he had appealed before the court last Friday.
He also made his letter to Prime Minister Narendra Modi, sent two years back, public to prove how willing he is to repay all the dues.
Regretting that he has been made a symbol of bank default and money laundering in India, Mallya said, "I wrote letters to both the Prime Minister and the Finance Minister on 15th April 2016 and am making these letters public to put things in the right perspective. No response was received from either of them.”
"I respectfully say that I have made and continue to make every effort, in good faith to settle with the Public Sector Banks. If politically motivated extraneous factors interfere, there is nothing that I can do," he said.
Mallya, who fled India in March 2016, owes Rs. 9,000 crores to banks and faces trial on different counts ranging from defaulting of loans and money siphoning.
The charges against him are being probed by the Central Bureau of Investigation and the Enforcement Directorate.
In April, Mallya was arrested in London by the police but a court granted him bail the same day.
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