Vijay Mallya is ready to give 100% of the money back
Alcohol trader Vijay Mallya has said that he is ready to repay the debt of Indian banks. Mallya has tweeted on Wednesday that he is ready to repay all the loans taken from Indian banks, but cannot pay interest on the loan. He has made three tweets, saying that he will repay 100% of the banks’ money. Not only this, the Indian media and politicians have been accused of bias with them.
Mallya is fighting a legal battle in Britain on extradition. His claim that politicians and the media presented them wrongly as “defaulter”. Mallya said in his tweet, “I have seen that many discussions are going on in the media regarding the decision of my extradition, this is a different matter and the law will do its job.” He said, “The public money is the most important thing and I am offering a 100 percent return. I request the banks and the government to accept this offer.”
Mallya has a loan of more than Rs 9000 crores of several banks. This loan was given to his company, Kingfisher Airlines. Mallya left the country in March 2016 and went to Britain. Mallya accused of favoritism and said, “The leader and the media are constantly shouting and calling me a defaulter, who escaped with the money of government banks, all this is a lie, why is not I treated fairly?
He claimed that he was offering to settle the outstanding balance of banks from 2016. Mallya said about the condition of the Kingfisher Airlines to worsen, “Because of the price hike of the jet fuel (ATF), the airline faced financial difficulties. Kingfisher also faced the highest level of ATF with $ 140 a barrel That led to the loss of the company and the banks’ money kept going in it. I offer to return 100% of the original amount to the banks. Please accept it “