Vijay Mallya, fugitive economic offender, extradition, Business news

Mallya offered to pay the outstanding amount to the banks on Thursday.

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New Delhi,
On Thursday, fugitive businessman Vijay Mallya, who had been forced to pay thousands of crores of rupees, repeatedly reprinted the payment of the dues of the banks. In response to Prime Minister Narendra Modi’s speech on Wednesday in the Lok Sabha, this offer has come to Mallya.

Mallya tweeted, “The Prime Ministers last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who “ran away” with 9000 crores. Given the media narrative, I can only infer that reference is to me.”

He said in another tweet, “Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his Banks to take the money I have put on the table so he can at least claim credit for the full recovery of public funds lent to Kingfisher”.

The fugitive businessman said, “I have been offered the payment of arrears in the Karnataka High Court. It can not be dismissed in lightly. This is a completely real, serious, honest and immediate offer. Do not know why the banks are not taking the money given to Kingfisher Airlines.

Vijay Mallya said, “I have made the offer to settle before the Hon’Ble High Court Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the Banks take the money lent to KFA?”

Explain that Mallya was declared a fugitive financial offender under the Fugitive Economic Offenses Act last month. He fled the country on March 2, 2016. A London court ordered his extradition to India on December 10, 2018.

The British government said on Monday that the extradition of Mallya has been approved by the UK Home Ministry, which is a major setback for this fugitive liquor businessman and the big victory of India’s effort to bring it back.