Vijay Mallya asks ‘why link my offer to decision on my extradition’; re-offers settlement

Vijay Mallya asks ‘why link my offer to ...

 


Fugitive businessman and liquor baron Vijay Mallya on Thursday rejected any links between his proposed settlement offer to banks or an upcoming court verdict on his extradition to Christian Michel, the alleged middleman in the AgustaWestland chopper deal.

Standing firm to his stand, Vijay Mallya tweeted today appealing to banks to accept his offer to take back the principal loan amount he owes them. He further said that he wants to end the narrative of him having stolen money from various lenders.



In a tweet, Vijay Mallya 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.”

Earlier on Wednesday, Vijay Mallya offered to pay back the full amount of the principal loan he owed various banks. In a tweet, Vijay Mallya had said, “Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that’s where Banks money went. I have offered to repay 100 % of the Principal amount to them. Please take it.”

Importantly, Vijay Mallya has been fighting the extradition battle with the Indian government on allegations that he defaulted on loans worth Rs 9,000 crore given to now defunct Kingfisher Airlines by Indian banks.

He remains on bail on an extradition warrant executed by the Scotland Yard last year on fraud and money laundering charges. The verdict on the same is expected on December 10 at the Westminster Magistrate Court where Mallya has protested against the prison conditions at Arthur Road jail.


PostedOn: 06 Dec 2018 Total Views: 164




16-year-old drowns in swimming pool

16-year-old drowns in swimming pool

A 16-year-old drowned in a swimming pool on Thursday afternoon under the Medipally police station limits. The cops booked a case of death due to negligence against swimming pool owner Naveen Reddy. According Medipally inspector Anji Reddy, the victim, Bagawan Bai, hailing from Rajasthan, came to the...

22 Mar 2019

UK court denies bail to Nirav Modi, will...

UK court denies bail to Nirav Modi, will be in cus...

UK court on Wednesday denied bail to Fugitive businessman Nirav Modi and remanded him in custody till March 29. UK judge said, "Substantial grounds to believe Nirav Modi would fail to surrender if granted bail." Nirav Modi was arrested and produced before Westminster Magistrates' Court in London. Th...

20 Mar 2019

Hitec City metro to be flagged off tomor...

Hitec City metro to be flagged off tomorrow

The 10-km Ameerpet-Hitec City Metro Rail service will become operational from March 20. The service will be flagged off from the Ameerpet station by Governor E.S.L. Narasimhan in the morning. With the Hitec City Metro Rail station not having a reverse facility, the trains will be operated in the &ls...

19 Mar 2019

Jet crisis escalates as govt steps in, p...

Jet crisis escalates as govt steps in, pilots thre...

The pilots of beleaguered Jet Airways on Tuesday threatened to stop flying from April 1 if their pending salaries are not cleared by March-end. In a statement, the National Aviators Guild, the registered pilots' union of Jet Airways said: "If there is no proper clarity on resolution process for sala...

19 Mar 2019

Mumbai bridge collapse: Structural audit...

Mumbai bridge collapse: Structural auditor sent in...

Structural auditor Neerajkumar Desai, arrested in connection with the last week's foot over- bridge (FOB) collapse here that left six people dead, was Tuesday sent to police custody till March 25, police said. Desai, arrested Monday, was produced in Killa court in south Mumbai this afternoon and he ...

19 Mar 2019

Prashant Kishor lashes out at Chandrabab...

Prashant Kishor lashes out at Chandrababu Naidu fo...

Poll strategist-turned-politician Prashant Kishor Tuesday lashed out at Andhra Pradesh Chief Minister Chandrababu Naidu for reportedly calling him a "Bihari dacoit". He charged the TDP chief with having displayed "prejudice and malice" against the eastern state fearing an "imminent defeat" at the hu...

19 Mar 2019

'Gunman mailed manifesto 9 mins before a...

'Gunman mailed manifesto 9 mins before attack': NZ...

New Zealand Prime Minister Jacinda Ardern said her office received a "manifesto" from the gunman suspected of killing 50 people in two Christchurch mosques minutes before Friday's attack. "I was one of more than 30 recipients of the manifesto that was mailed out nine minutes before the attack took p...

17 Mar 2019

Verifiable evidence given, hand over Daw...

Verifiable evidence given, hand over Dawood, Salah...

Pakistan must hand over wanted criminals Dawood Ibrahim and Sayeed Salahudeen to India, sources said adding that verifiable evidence has been shared with Islamabad. "New Delhi knows there are a number of Indians in Pakistan. Islamabad should hand over these Indians who are in our wanted list and in ...

16 Mar 2019