Insta
Vijay Mallya (Representative image) (Leon Neal/Getty Images)
Fugitive Indian businessman Vijay Mallya again urged the central government on Thursday (14 May) to unconditionally accept his offer of bank loan repayment and close the case against him.
In a tweet, the embattled liquor baron alleged that his offer of 100 per cent payback to a consortium of public sector banks is being constantly ignored.
"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 per cent payback of state-owned bank loans be constantly ignored? Please take my money unconditionally and close," Mallya tweeted.
Mallya is in the midst of a legal battle in the UK, with the Indian government trying to get him extradited to India to face enforcement authorities in connection with a Rs 9,000-crore bank fraud and money laundering case involving his now-defunct Kingfisher Airlines.
The latest offer from him comes 10 days after he filed an application in the UK Supreme Court to prevent implementation of an earlier order that made his return to India imminent.
In the past also, Mallya had tweeted that he had offered to pay in full the money borrowed by Kingfisher Airlines to the banks concerned but neither the banks were willing to take the money nor the Enforcement Directorate was willing to release his attached assets.
The ED has attached many properties of Mallya in the last few years under the Prevention of Money Laundering Act (PMLA).
Mallya is being investigated by the CBI and the Enforcement Directorate in connection with the loan fraud case.
He was arrested by the UK authorities on 20 April, 2017 on the request of the Indian investigative agencies.
(With inputs from IANS)
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest