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Wed, Mar 20, 2019 | Last Updated 4:57 pm IST

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Will Vijay Mallya pay back 100% to various banks in India?

Will Vijay Mallya pay back 100% to various banks in India?
Will Vijay Mallya pay back 100% to various banks in India?
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New Delhi sources reported that Fugitive liquor baron Vijay Mallya on Wednesday offered to pay back 100% of principal amount to various banks in the country and urged the government to accept his offer. Accordingly Mr. Mallya’s offer comes when a UK court on December 10 is going to take a decision on his plea not to extradite him to India.



The fugitive businessman in a social media post said “The most important point is public money and he is offering to pay 100% back and he humbly request the banks and Government to take it”. Meanwhile a day after extradition of arms middleman Christian James Michel from UAE to India, fugitive liquor baron Vijay Mallya on Wednesday offered to pay back 100% of principal amount to various banks in the country and urged the government to accept his offer. 


Will Vijay Mallya pay back 100% to various banks in India?

Moreover Mr. Mallya said that airline was struggling financially partly because of high ATF prices. He said “Kingfisher was a fab airline that faced the highest ever crude prices of $140/barrel. Losses mounted and that’s where Banks money went and he have offered to repay 100% of the ‘principal amount’ to them. Please take it”.


Will Vijay Mallya pay back 100% to various banks in India?
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