LONDON: Embattled liquor multi-millionaire Vijay Mallya took to social media on Monday to lament the cave in of Jet Airways and repeated his offer of a "100 per cent payback" for state-owned Indian banks to cover his now-defunct Kingfisher Airlines' debt.
The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing in opposition to his extradition order from the UK to India to face charges of fraud and money laundering amounting to an alleged Rs nine,000 crores.
Mallya drew parallels between the plight of his collapsed airline and that of Jet Airways, India's leading private airline which grounded to a halt earlier this month amid a mounting cash crunch.
"Several Indian airlines collapsed sadly including KFA. Now, the previously unthinkable has happened with the collapse of Jet," Mallya mentioned on Twitter on Monday.
"Genuine business failures. But I am criminally charged by CBI/ED despite offering 100% payback. Wonder why only me," he questioned.
His latest Twitter statements echo some of his previous social media interventions on the issue, claiming that his offer to pay again the debt owed by his now-defunct airline had been rebuffed by the banks and the Indian government.
"Watched TV debate on the sad collapse of Jet which included unpaid employees and Industry veterans. Important issues on unemployment and suffering, security available to banks, prospects of revival etc. Here I am offering 100% payback of KFA loans which banks won't take. Why?" he mentioned.
Mallya, who remains on bail on an extradition warrant finished by Scotland Yard in April 2017, is undergoing a UK prime court docket appeals process in opposition to his extradition order signed off by UK house secretary Sajid Javid in February.
He has been allotted July 2 as the date for a short lived hearing to persuade a prime court docket judge that he will have to be given permission to proceed to a full-blown appeal in opposition to Chief Magistrate Emma Arbuthnot's Westminster Magistrates' Court ruling last December in favour of his extradition to India.
The judge had concluded there was once "clear evidence of dispersal and misapplication of the loan funds" and authorized a prima facie case of fraud and a conspiracy to launder money in opposition to Mallya, as presented by the Crown Prosecution Service (CPS) on behalf of the Indian authorities.
Meanwhile, the businessman also faces a flurry of alternative prison circumstances in UK courts related to a world freezing order and a danger of foreclosures of one among his houses in central London.
The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing in opposition to his extradition order from the UK to India to face charges of fraud and money laundering amounting to an alleged Rs nine,000 crores.
Mallya drew parallels between the plight of his collapsed airline and that of Jet Airways, India's leading private airline which grounded to a halt earlier this month amid a mounting cash crunch.
"Several Indian airlines collapsed sadly including KFA. Now, the previously unthinkable has happened with the collapse of Jet," Mallya mentioned on Twitter on Monday.
"Genuine business failures. But I am criminally charged by CBI/ED despite offering 100% payback. Wonder why only me," he questioned.
Several Indian airlines collapsed sadly together with KFA. Now the prior to now unthinkable has happened with the collaps… https://t.co/GMszFK3Tiw
— Vijay Mallya (@TheVijayMallya) 1556489309000His latest Twitter statements echo some of his previous social media interventions on the issue, claiming that his offer to pay again the debt owed by his now-defunct airline had been rebuffed by the banks and the Indian government.
"Watched TV debate on the sad collapse of Jet which included unpaid employees and Industry veterans. Important issues on unemployment and suffering, security available to banks, prospects of revival etc. Here I am offering 100% payback of KFA loans which banks won't take. Why?" he mentioned.
Watched TV debate on the sad cave in of Jet which included unpaid staff and Industry veterans. Important issue… https://t.co/vwTGudPxyT
— Vijay Mallya (@TheVijayMallya) 1556489089000Mallya, who remains on bail on an extradition warrant finished by Scotland Yard in April 2017, is undergoing a UK prime court docket appeals process in opposition to his extradition order signed off by UK house secretary Sajid Javid in February.
He has been allotted July 2 as the date for a short lived hearing to persuade a prime court docket judge that he will have to be given permission to proceed to a full-blown appeal in opposition to Chief Magistrate Emma Arbuthnot's Westminster Magistrates' Court ruling last December in favour of his extradition to India.
The judge had concluded there was once "clear evidence of dispersal and misapplication of the loan funds" and authorized a prima facie case of fraud and a conspiracy to launder money in opposition to Mallya, as presented by the Crown Prosecution Service (CPS) on behalf of the Indian authorities.
Meanwhile, the businessman also faces a flurry of alternative prison circumstances in UK courts related to a world freezing order and a danger of foreclosures of one among his houses in central London.
Vijay Mallya repeats offer of 100% payback for Indian banks
![Vijay Mallya repeats offer of 100% payback for Indian banks]()
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April 29, 2019
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