Ready to repay 100% principal amount to banks, please take it: Mallya

Mangalore Today News Network

New Delhi, Dec 05, 2018: Absconding liquor baron Vijay Mallya has offered to repay 100 percent of the Principal amount of the loan to the banks urging them to accept it.

In a series of tweets, Mallya wrote, “Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that’s where Banks money went. I have offered to repay 100 % of the Principal amount to them. Please take it.”

Mallya also expressed anguish over him being tagged as a defaulter asking to be given a hearing and a fair treatment.

Mallya tweeted, “Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad.”

He wrote, For three decades running India’s largest alcoholic beverage group, we contributed thousands of crores to the State exchequers. Kingfisher Airlines also contributed handsomely to the States. Sad loss of the finest Airline but still I offer to pay Banks so no loss. Please take it.

Courtesy:Zeenews