LIQUID TYCOON VIJAY MALLYA ONCE AGAIN OFFERS ‘100% PAYBACK’ TO SBI

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LIQUID TYCOON VIJAY MALLYA

Embattled Liquor Tycoon Vijay Mallya posted on the social media on last Monday to show his sadness over the collapse of the Jet Airways and repeated his offer of a “100% Buyback option” for the largest state-owned Indian Bank to cover his Airline Kingfisher debt.

The Former Kingfisher Airlines Chairman is as of now appealing against his extradition order from the United Kingdom to India to face some of the charges of money laundering and fraud amounting to Rs 9000 crores.

Vijay Mallya also drew some of the parallels between the plight of his collapsed Airline and that of the Jet Airways, which is the Indian leading Private Airline company that grounded to halt earlier this month due to fund crunches.

“Several Indian airlines collapsed sadly which even includes the KFA. Now the previously unthinkable has happened with the collapse of Jet,” Mallya posted on Social Media handle Twitter on Monday.

“Genuine business failures. But I am criminally charged by some of the Crime Bureau Investigation even after offering 100% payback. Wonder why only me,” he also questioned.

His last Twitter statement echo with some of his earlier issues of the social media interventions, that also claims that his offer to pay back the debt owed by his own defunct Airline has been rebuffed by the Indian government and Banks.

“Watched TV debate on the sad collapse of Jet Airways which has been collapsed totally which included unpaid employees and the fund of the Indians and shareholders. Some of the important and essential issues on unemployment and suffering, security available to banks, prospects of revival, etc. Here I am offering 100% payback of KFA loans which Banks would not be going to take. Why?” He also revealed some of the postings on the social media channel Twitter. Mallya, who remains on bail on an Extradition warrant that has been executed by Scotland Yard in the month of April 2017, is also undergoing a UK High Court appeals process against his extradition order signed off by the United Kingdom home secretary Sajid Javid in the month of February.

Vijay has been given a date of 2nd July for a brief hearing to convince a High Court Judge that he should be given permission to proceed to a full-blown appeal against The Chief Magistrate of Court, Emma Arbuthnot which rules last year in the month of December in favor of his extradition to India.

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