Vijay Mallya asks govt to accept loan repayment offer

Vijay Mallya asks govt to accept loan repayment offer
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Embattled liquor aristocrat, Vijay Mallya, the prompter of (sadly) late Kingfisher Airlines, who is battling against his removal to India because of fraud and illegal money laundering in the country, on Thursday requested that the government acknowledge his proposal to repay 100 percent of his loan dues and the case against him which was filled in October 2017.

Complimenting the Indian government over the Rs 20 lakh crore economic package, Mallya bemoaned that his continuous proposals to repay his contribution have always been ignored by the government.

Vijay Mallya tweeted: “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?”

Vijay Mallya, who is wanted in India over fraud and illegal money laundering charges adding up to estimate of Rs 9,000 crore, added, “Please take my cash unconditionally and close.”

From the year 2005, Kingfisher Airlines was grounded in 2012 after the prospering debt burden made it unthinkable for the ambushed airline to proceed with operations. The airline is likewise being researched for suspected diversions with reserves and financial anomalies.

Earlier this month, Mallya had filed an appeal in the UK Supreme Court subsequent to losing an appeal in the London High Court against an extradition request to India on supposed charges of fraud and illegal money laundering identified with unrecovered credits to Kingfisher Airlines.

Earlier, Mallya had tweeted that he had already offered to pay 100 percent of the full principal amount lend by Kingfisher Airlines as a loan to the banks yet neither of the banks was ready to take the cash nor the Enforcement Directorate was eager to discharge his attached assets at the command of the banks.

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Vijay Mallya asks govt to accept loan repayment offer

by Nisha Singh time to read: 1 min
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