Mumbai

Vijay Mallya offers to repay 100% principal loan amount to banks


Mumbai, Dec 5(DC): Fugitive tycoon Vijay Mallya, who is being investigated for fraud and money-laundering, on Wednesday made an appeal to banks to accept his offer to pay back 100 per cent of the principal loan amount.

Mallya also denied that his move was linked to the extradition proceedings against him.

Mallya’s tweets came hours after alleged AgustaWestland VVIP chopper deal middleman Christian Michel James was brought to India from UAE.

Michel's extradition the first successful extradition since India initiated similar proceedings against economic offenders like Vijay Mallya, Nirav Modi and Mehul Choksi.

Vijay Mallya took huge loans from banks for keeping his now-defunct Kingfisher Airlines afloat despite high jet fuel prices. The outstanding amount, including interest is Rs 9,990.07 crore.

In his tweet, Mallya also claimed that his vast liquor empire, the United Breweries, contributed “handsomely” to state exchequers.

62-year-old Vijay Mallya left India for the UK on March 2, 2016, and has been fighting India’s attempts to bring him back to face the legal action.

He is currently in London where a court finished hearing on India's extradition case against him in September this year and is due to pronounce its verdict on December 10.

 


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Comment on this article

  • Eric Fernandez, Udupi

    Wed, Dec 5 2018

    He should pay all the dues...These swindlers should not be given any concession...Also Kingfisher staff have not been paid.

    DisAgree Agree [8] Reply Report Abuse

  • Ahmed K.C., Mangalore

    Wed, Dec 5 2018

    He also gave same offer sometime ago but, banks did not accept.
    Banks should accept this time to minimize the recovery.

    DisAgree [3] Agree [15] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Dec 5 2018

    Vijay Mallya will now contest on BJP Ticket ...

    DisAgree [21] Agree [25] Reply Report Abuse

  • mahesh, Mangalore

    Wed, Dec 5 2018

    Good.
    This is the affect of Modi.

    DisAgree [52] Agree [32] Reply Report Abuse

  • Dylan, Mangalore

    Wed, Dec 5 2018

    This fellow should pay the interest too, why should the banks for go the interest. Would the banks for go the loan amount of the people who feed us I mean the farmers. The banks harrass the gullible farmers to repay the loan and to the extent they loose their lives. All should be equally treated with equal interest. The elections are approaching tomorrow Modi I saw that the money as come back. Just fooling the fools. The country should crush the lotus.

    DisAgree [10] Agree [25] Reply Report Abuse

  • Ravi C, Mangalore

    Wed, Dec 5 2018

    Hope jootley is not helping him to repay..

    DisAgree [12] Agree [29] Reply Report Abuse

  • Narendra Kumar, Mangalore

    Wed, Dec 5 2018

    Well planned strategy.

    Fooling Indian electorate before elections and FEKHU & DAAKHU & JHOOTLEY all are busy calculating their moves.

    Will this strategy works or backfires....only time will tell us.

    Our country and it's economics is gone for a toss and sent back for another 15 - 20 years behind.

    DisAgree [22] Agree [41] Reply Report Abuse

  • Raghavendra M K, Mumbai Maharashtra

    Wed, Dec 5 2018

    creating such a situation by running away from country with defaulting loans of government banks, fighting a court case in uk courts made mallya to give this statement yesterday rs. 100 crs only part his principal amount he borrowed what about huge interest amount for these long years. whose money? is it not the public money? depositors money bank has given as loan.
    i strongly feel it is another excuse for postponing the court case and extend his stay in London.

    DisAgree [2] Agree [14] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Dec 5 2018

    Those who have not watched Navjot Sidus, comments about
    4 Gandhis'
    3 Modis'
    of our Country.
    It's a fun-filled speech and action. (body lanuage imitating NaMo)
    Please go through !
    It's high time he supports Rahul and delivers counter speeches to great NaMo.

    DisAgree [15] Agree [28] Reply Report Abuse

  • EULALIA DSOUZA, MANGALURU

    Wed, Dec 5 2018

    Now that Govt has succeeded in getting Christian to India, we are sure next in line will be our own Mr. Vijay Mallya, Nirav & Lalit Modi & Mehul Choksi.

    This s a good offer & banks should take it as it comes. Never say NO to money is what Business teaches us. What ever his back mind thinking is, Govt should consider and bank should say OK & wait & watch what's in store behind this.

    DisAgree [3] Agree [24] Reply Report Abuse

  • Vincy, Bangkok

    Wed, Dec 5 2018

    It is better take money and leave him alone
    If he brought then we get nothing.
    His lawyers will fight and solve the case.
    Just see the example of Eddi,he was jailed but now SC withdraw all cases that means India justice is either delayed or never done.

    DisAgree [4] Agree [19] Reply Report Abuse

  • Santhosh, Mangalore

    Wed, Dec 5 2018

    To All the blind bakths and the general public of India,

    This is the master mind of Modi and Amit Shah, they need money for the elections so all this conspiracy. You scratch my back and i will scratch yours.. simple as that..

    DisAgree [34] Agree [26] Reply Report Abuse

  • El En Tea, Mumbai

    Wed, Dec 5 2018

    How about other Two
    Lalit Modi
    Nirav Modi

    DisAgree [9] Agree [22] Reply Report Abuse

  • Prakash, Mangalore

    Wed, Dec 5 2018

    Why Modi's are involved in Corruption ?

    DisAgree [1] Agree [12] Reply Report Abuse

  • Sahil, Mangaluru

    Wed, Dec 5 2018

    What about nirav? Choksi? And many more.

    DisAgree [5] Agree [21] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Dec 5 2018

    Mallya case is different than Christian's extradition to India.
    If Mallya is extradited before elections he will definitely spill the beans as to his great escape from India. (Those who had collaborated in showing him the escape route) Even the government may accept to settle the case on principle repayment of the loan.

    DisAgree [7] Agree [14] Reply Report Abuse

  • R DSouza, MANGALORE

    Wed, Dec 5 2018

    When you dig a grave for your enemy, also dig one for yourself ( an ancient saying).

    DisAgree Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Dec 5 2018

    Modi is getting a taste of his own Medicine ...

    DisAgree [28] Agree [22] Reply Report Abuse

  • Charles D'Mello, Pangala

    Wed, Dec 5 2018

    Even if he wants to pay back, our politicians wont allow unless it is beneficial for them personally.....!!!!!

    DisAgree [5] Agree [30] Reply Report Abuse

  • Santosh, Udupi/Bahrain

    Wed, Dec 5 2018

    One more MODI MAGIC. Sooper se oopar

    DisAgree [20] Agree [36] Reply Report Abuse

  • Lobo, Mangalore

    Wed, Dec 5 2018

    I will vote Modi in 2019 LS elections. Jossey uncle, pls. do not try to worry about my real name. Instead search your soul once.

    DisAgree [22] Agree [39] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Dec 5 2018

    Thank God you finally admitted you are a Fake Name ...

    DisAgree [30] Agree [42] Reply Report Abuse

  • David Pais, Mangalore

    Wed, Dec 5 2018

    @Jossey Saldanha, Mumbai, hahahahaha..... lobo fake sir name @Sanjeev Kamath, Udupi, in pact with chaiwala. elections fund 2 bajant jumla pond.

    DisAgree [23] Agree [26] Reply Report Abuse

  • Jaison, Udupi

    Wed, Dec 5 2018

    Uncle better to go for extra pe.....g today by all these new developments.

    DisAgree [5] Agree [5] Report Abuse

  • Ashok, Mangalore

    Wed, Dec 5 2018

    Modi proved he does not need medicine.

    DisAgree [4] Agree [5] Reply Report Abuse

  • Bala k, Mangalore

    Wed, Dec 5 2018

    Every debtor should be given a chance to settle imicabely.Otherwise both will suffer.

    DisAgree Agree [17] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Dec 5 2018

    We don't accept Promises Anymore ...

    DisAgree [18] Agree [16] Reply Report Abuse

  • James Philip D sa, Belman/Kuwait

    Wed, Dec 5 2018

    What about the staff salaries???

    DisAgree [1] Agree [14] Reply Report Abuse

  • Sanjay, Hebri

    Wed, Dec 5 2018

    Modi power.....

    DisAgree [18] Agree [20] Reply Report Abuse

  • Jenifer, Mangalore

    Wed, Dec 5 2018

    This is not the result of Christian's extradition to India, but Modi's bleak future post Rafale deal misappropriation being public. Thanks to Pappu, as you BJP guys fondly call him.

    Now Mallya is sure that Modi's bubble has burst, he has no chance of coming to power in 2019. When that happens, all the absconders will have tough time getting an hour's sleep.

    DisAgree [39] Agree [39] Reply Report Abuse

  • Sanjeev Kamath, Udupi

    Wed, Dec 5 2018

    Ha ha ha, I am dumb founded!

    DisAgree [9] Agree [19] Reply Report Abuse

  • Jenifer, Mangalore

    Wed, Dec 5 2018

    You don't have to, Kamath sir, because Mallya has millions of Rupees worth property in India that can be auctioned through court order and banks claim their dues.

    But, Christian is not brought back for his worth - he was brought back to prove that Gandhi family benefited out of him, forgetting all other parties who have already proved to have been benefited. Do you see the irony ? Do you see the hatred Modi has for just one family ?

    Well, please wait as I too do, let's hear Christian talking.

    DisAgree [15] Agree [26] Reply Report Abuse

  • Madhu Nambiar, Mangalore

    Wed, Dec 5 2018

    Madame, its Burnol moment for Congis as usual. The so called KHANgress never would have dreamt of it. Soon the maa betas bubble will burst. Next is Mallyas number to be dragged by his collar. Its high time for Cong to find some 3rd ranker like HDK to bank on and claim 'victory' as the RS losers in the Mlore coast celebrate Vijoyotsava.

    DisAgree [23] Agree [25] Reply Report Abuse

  • Jenifer, Mangalore

    Wed, Dec 5 2018

    Not Burnol, Nambiyar, keep ready ashes (boodi). You will need it to apply it all over you and go for a pilgrimage for worshiping a fake God named Modi.

    Just wait for the royal life he lived out of your money, nutritious mushroosms he consumed to remain fair in colour, clothes five pairs a day he changed - all out of taxpayers money. For just one term that he snatched from your guys mouth by fooling you. You will recall the Rupee value against US$. though it doesn't matter to you inside India, you will recall Rs. 300/- you paid per gas cylinder till 2014 - you just keep stock of ashes.

    DisAgree [11] Agree [31] Reply Report Abuse

  • Madhu Nambiar, Mangalore

    Wed, Dec 5 2018

    Jenifer. Yeah one election could have been a Jumla, not 30 elections or 22 states where your 'down to earth' Clown Prince was humiliatingly trashed to pulp. More over even your overrated local Congi leaders too were wiped out in the RS elections. Its surviving only in 2 states because of Armender Singh and HDK.

    DisAgree [14] Agree [8] Report Abuse

  • Jenifer, Mangalore

    Wed, Dec 5 2018

    Nambiyar,

    The trump card is 15L - people hoped today, or tomorrow they will get it. Will you lock your vote in your pocket if dreams of getting 15L in your account are given to you ?

    Well, I don't know about you but 75% of the nation's population that form the middle class and the lower strata, will certainly not. Therefore, you know the reason behind all those wins you boast about.

    DisAgree [6] Agree [16] Report Abuse

  • Naveen, Mangalore

    Wed, Dec 5 2018

    LOL. If Malya does not repay then Modi is culprit and if he is ready to payback also Modi is culprit. You people are talk against your own conscious that you also know.

    DisAgree [5] Agree [28] Reply Report Abuse

  • Jenifer, Mangalore

    Wed, Dec 5 2018

    Ayyyooo.... You forgot that Modi's govt lifted CBI non-bailable warrant against Mallya for a night so that he exits, that too through Delhi airport.

    Naveen, you don't think DW readers are suffering from Alzheimer - do you ???

    DisAgree [14] Agree [24] Reply Report Abuse

  • kumara, abu dhabi

    Wed, Dec 5 2018

    a few dongi's are upset and think a few miracles will happen, nh case is progressing and dammad also started shouting after keeping quiet for 4 years

    DisAgree [10] Agree [12] Reply Report Abuse

  • Sanjeev Kamath, Udupi

    Wed, Dec 5 2018

    Impact of Hon. Modi in the recent G-20 summit! Salute you, Sir. All others will follow.

    DisAgree [40] Agree [28] Reply Report Abuse

  • Manohar, Mangalore

    Wed, Dec 5 2018

    Not to forget these frauds ran away from india with the support of same hon. modi.

    DisAgree [13] Agree [20] Reply Report Abuse

  • David Pais, Mangalore

    Wed, Dec 5 2018

    will da banks accept 100% calendars?????????

    DisAgree [9] Agree [12] Reply Report Abuse

  • Sanjeev Kamath, Udupi

    Wed, Dec 5 2018

    Yes, Sir.

    DisAgree [5] Agree [13] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Wed, Dec 5 2018

    Good offer by Mallya to be used by the banks and the debtors to recover their dues.

    DisAgree [1] Agree [16] Reply Report Abuse

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