Fugitive liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 percent of his loan dues and the close the case against him. While congratulating the Indian government over the Rs 20 lakh crore stimulus package to boost the economy, Mallya lamented that his repeated offers to repay his dues have been ignored, though the sincerity, timing and potency of these offers have been questioned in various quarters, as has their increase in frequency as Mallya faces a return to India.
Mallya, promoter of the now-defunct Kingfisher Airlines, is wanted in India over alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore, took to Twitter and said, "Please take my money unconditionally and close."
Congratulations to the Government for a Covid 19 relief package. They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of State owned Bank loans be constantly ignored ? Please take my money unconditionally and close.— Vijay Mallya (@TheVijayMallya) May 14, 2020
Earlier this month, Mallya had filed an appeal in the UK Supreme Court after losing an appeal in the London High Court against an extradition order to India on alleged charges of fraud and money laundering related to unrecovered loans to Kingfisher Airlines. He had 14 days to file this application to seek permission to move the higher court on the High Court judgment from April 20.
The 64-year old liquor baron and former MP of the Rajya Sabha, is currently in London, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crore, owed to an SBI-led consortium of banks. He is out on bail and is currently awaiting a finality after the UK High Court rejected the appeal against his extradition ordered by Westminster Magistrates' Court in London in December 2018. Mallya has in recent times claimed that he was willing to pay his loans back whether he 'was in London, or in an Indian jail'.
(with PTI inputs)