Extradition blues: Vijay Mallya tweets “offer to repay 100% to banks. Please take it”

His tweets comes hours after AgustaWestland VVIP chopper deal middleman Christian Michel was extradited from Dubai

The Hush Post|09:15am| 1-min read
Fugitive businessman Vijay Mallya said today that he offered to pay back the full amount of the principal loan he owed various banks.

His tweets comes hours after alleged AgustaWestland VVIP chopper deal middleman Christian Michel was brought to India from Dubai. It is India’s first successful extradition since India initiated similar proceedings against economic offenders like Mallya, Nirav Modi and Mehul Choksi. Three hours before this tweet, this is what he had tweeted:

Vijay Mallya, his now-defunct Kingfisher Airlines and others availed loans from various banks. The outstanding amount, including interest, is Rs 9,990.07 crore, officials had said while filing the plea under the new law.
In the UK for the past two years, Mallya, 62, has been fighting India’s attempts to extradite him to face trial in India.
He remains on bail on an extradition warrant executed by the Scotland Yard last year on fraud and money laundering charges. A ruling is expected at Westminster Magistrates’ Court in London later this month which is being eagerly awaited.

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