April 19, 2025 04:24 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Narendra Modi to visit Saudi Arabia next week, deepening multi-faceted partnership on agenda | Trump says US will 'take a pass' on Russia-Ukraine peace talks if parties make it difficult | Andhra student dies in accident in US' Texas days before her graduation | Karnataka students allegedly forced to remove sacred threads at CET exam centre, sparks outrage | Bengal BJP leader Dilip Ghosh marries party colleague Rinku Majumdar in an intimate ceremony today | Narendra Modi, Elon Musk discuss Indo-US tech collaboration | 'Focus on protecting rights of own minorities': India slams Bangladesh's remark on Murshidabad riots | Gangster Harpreet Singh, alias Happy Passia, responsible for Punjab terror attacks arrested in US | No change in 'waqf by user' for now till next hearing: Supreme Court to Centre | Supreme Court rules Bengal govt teachers 'not identified as tainted' in SSC scam can continue till fresh appointments

Why my settlement offer linked to extradition? Mallya asks

| @indiablooms | Dec 06, 2018, at 11:54 am

New Delhi, Dec 6 (IBNS): Fugitive liquor baron Vijay Mallya has rejected any link between his settlement offer and his extradition, which will be decided by the UK court soon.

A day after the extradition of AgustaWestland middleman Christian Michel, Mallya on Wednesday offered to pay 100 percent of the public money and also urged the government and bank to take it.

In a tweet on Thursday, Mallya also rejected any link between his proposal to repay the debt and Michel's extradition.

He said: "Respectfully to all commentators, I cannot understand how my extradition decision or the recent extradition from Dubai and my settlement offer are linked in any way. Wherever I am physically,my appeal is “Please take the money”. I want to stop the narrative that I stole money"

Mallya, owner of the now-defunct Kingfisher Airlines who now lives in the UK, fled India in March 2016. He owes around Rs. 9,000 crore to banks and faces trial on different counts ranging from defaulting of loans and money syphoning.

On November 22, Bombay High Court dismissed a plea filed by Mallya seeking a stay on the Enforcement Directorate's request to declare him a fugitive economic offender and confiscate his properties.

The Enforcement Directorate wants Mallya to be tagged a "fugitive" under the the Fugitive Economic Offenders’ Act, 2018.

Once someone is named a fugitive economic offender, the prosecuting agency has the powers to confiscate properties of the accused.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Close menu