Published 08:49 IST, May 14th 2020
Vijay Mallya congratulates Centre for Covid package; says 'please take my money'
Fugitive Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay his loans and close the case against him
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Fugitive liquor baron Vijay Mallya, who is fighting against his extrition to India, on Thursday asked government to accept his offer to repay 100 percent of his loan dues and close case against him. While congratulating Indian government over Rs 20 lakh crore stimulus pack to boost ecomy, Mallya lamented that his repeated offers to repay his dues have been igred, though sincerity, timing and potency of se offers have been questioned in various quarters, as has ir increase in frequency as Mallya faces a return to India.
Mallya, promoter of w-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."
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Earlier this month, Mallya h filed an appeal in UK Supreme Court after losing an appeal in London High Court against an extrition order to India on alleged charges of fraud and money laundering related to unrecovered loans to Kingfisher Airlines. He h 14 days to file this application to seek permission to move higher court on High Court judgment from April 20.
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Vijay Mallya and money-laundering charges
64-year old liquor baron and former MP of Rajya Sabha, is currently in London, fighting his extrition 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 UK High Court rejected appeal against his extrition 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 wher he 'was in London, or in an Indian jail'.
(with PTI inputs)
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08:41 IST, May 14th 2020