January 01, 2025 11:34 pm (IST)

Make this your homepage

News

Manipur CM N Biren Singh responds after Congress leader asks him 'why can't PM' visit' violence-hit northeastern state | Suchir Balaji death: Indian-American techie's parents claim autopsy report reveals murder | Indian-origin doctor among 2 killed in UAE light aircraft crash | 'We will take revenge, with interest:' Suvendu Adhikari warns Mamata Banerjee over her Sandeshkhali claims | 'Forgive and forget mistake': Manipur CM N Biren Singh apologises for ethnic clashes | Deeply malicious and utterly condemnable: Pinarayi Vijayan on BJP leader Nitesh Rane's 'Kerala is mini Pakistan' remark | Rohit Sharma to quit Test cricket after Border Gavaskar Trophy in Sydney: Report | Yemen approves death sentence for Indian nurse, MEA responds | Truth ultimately gets revealed: Mamata Banerjee in her first visit to Sandeshkhali after Lok Sabha polls | ISRO launches SpaDeX mission aimed for 'in-space docking'

Vijay Mallya offers to pay 100 percent of 'public money'

India Blooms News Service | @indiablooms | Dec 05, 2018, at 11:40 am

#VijayMallya #LiquorBaron

New Delhi, Dec 5 (IBNS): A day after the extradition of AgustaWestland middleman Christian Michel, fugitive liquor baron Vijay Mallya has offered to pay 100 percent of the public money and also urged the government and bank to take it.

The offer from the businessman came days prior to the UK court's verdict on whether Mallya can be extradited.

He tweeted, "I see the quick media narrative about my extradition decision. That is separate and will take its own legal course. The most important point is public money and I am offering to pay 100% back. I humbly request the Banks and Government to take it. If payback refused, WHY ?"

I see the quick media narrative about my extradition decision. That is separate and will take its own legal course. The most important point is public money and I am offering to pay 100% back. I humbly request the Banks and Government to take it. If payback refused, WHY ?
— Vijay Mallya (@TheVijayMallya) December 5, 2018

In an earlier tweet, Mallya said: "Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad."

Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad.
— Vijay Mallya (@TheVijayMallya) December 5, 2018

Vijay 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 Nov 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.