Business Other News 30 Apr 2019 Vijay Mallya offers ...

Vijay Mallya offers full payback again

DECCAN CHRONICLE. | ADITI KHANNA
Published Apr 30, 2019, 2:12 am IST
Updated Apr 30, 2019, 2:12 am IST
Mallya drew parallels between the plight of his collapsed airline and that of Jet Airways.
The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face charges of alleged fraud and money laundering. (Photo: AP)
 The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face charges of alleged fraud and money laundering. (Photo: AP)

London: Embattled liquor tycoon Vijay Mallya took to the social media on Monday to lament the collapse of Jet Airways and repeated his offer of a “100 per cent payback” for state-owned Indian banks to cover his now-defunct Kingfisher Airlines’ debt.

The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face charges of alleged fraud and money laundering.

 

Mallya drew parallels between the plight of his collapsed airline and that of Jet Airways.

“Several Indian airlines collapsed sadly including KFA. Now the previously unthinkable has happened with the collapse of Jet,” Mallya said on Twitter on Monday.

“Genuine business failures. But I am criminally charged by CBI/ED despite offering 100 per cent payback. Wonder why only me,” he questioned.

His latest Twitter statements echo some of his previous social media interventions on the issue, claiming that his offer to pay back the debt owed by his now-defunct airline had been rebuffed by the banks and the Indian government.

“Watched TV debate on the sad collapse of Jet which included unpaid employees and Industry veterans. Important issues on unemployment and suffering, security available to banks, prospects of revival etc. Here I am offering 100 per cent payback of KFA loans which Banks won't take. Why?” he said.

Mallya, who remains on bail on an extradition warrant executed by Scotland Yard in April 2017, is undergoing a UK High Court appeals process against his extradition order signed off by UK Home Secretary Sajid Javid in February.

He has been allocated July 2 as the date for a brief hearing to convince a High Court judge that he should be given permission to proceed to a full-blown appeal.
— PTI

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