Vijay Mallya makes another offer of 100% loan payback to banks on Twitter; quotes FM's statement on business failures
FirstpostLondon: Embattled liquor tycoon Vijay Mallya, whose social media interventions against the Indian government are a regular occurrence, took to Twitter once again to repeat his 100 percent loan payback offer to the public sector banks in India. The 63-year-old former Kingfisher Airlines boss, fighting extradition to India in relation fraud and money laundering allegations arising out of the debt acquired from the banks, quoted finance minister Nirmala Sitharaman’s Lok Sabha statement from last week in his latest offer. — Vijay Mallya August 6, 2019 In the wake of the death of Cafe Coffee Day founder V G Siddhartha, Sitharaman made the statement while responding to the debate on the amendments to the Insolvency and Bankruptcy Code in the Lok Sabha last Thursday. Mallya remains on bail pending his UK High Court appeal, now scheduled for February 2020, in the extradition proceedings brought by India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.