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Ready to repay 100% principal amount, please take it: Mallya requests banks

Last Updated: Wednesday, 5 December 2018 (16:00 IST)
New Delhi: Fugitive business tycoon said his extradition from the UK to India will take its own legal course, while offering to pay back 100 per cent of “public money”.
 
Mallya, who has been fighting a legal battle against his extradition to India, claimed that he has been falsely dubbed as a “defaulter” by politicians and media.
 
“I see quick media narrative about my extradition decision. That is separate and will take its own legal course,” he said in a series of tweets.
 
In September, a UK court had fixed December 10 as the date to deliver its verdict on whether beleaguered liquor baron can be extradited to India to face charges of fraud and money laundering amounting to around Rs 9,000 crore.
 
Mallya, who fled to the UK in March 2016, is wanted in India over default of Rs 9,000 crore that was loaned to Kingfisher Airlines (KFA) by several banks.
Widgets Magazine
Widgets Magazine
Widgets Magazine