Willing to pay 100% quantity borrowed from banks by Kingfisher Airlines, says Vijay Mallya

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Disgraced liquor baron Vijay Mallya on Tuesday (March 31) reiterated that he’s nonetheless prepared to pay 100% of the quantity borrowed by his firm Kingfisher Airlines to the banks. Mallya added that regardless of his repeated affords to pay the cash the banks aren’t displaying any curiosity in taking the cash. He has additionally claimed that the Enforcement Directorate can be not displaying any curiosity in releasing the connected properties of his firm. Mallya expressed hope that Union Finance Minister Nirmala Sitharaman would take heed to his request at a time when the nation is battling coronavirus pandemic.

“I have made repeated offers to pay 100 % of the amount borrowed by KFA to the Banks. Neither are Banks willing to take money and neither is the ED willing to release their attachments which they did at the behest of the Banks. I wish the FM would listen in this time of crisis,” Mallya tweeted.

Talking concerning the 21-day nationwide lockdown introduced by Prime Minister Narendra Modi to curb the unfold of coronavirus, Mallya mentioned that it was an unthinkable step. Mallya famous that every one his corporations are closed because of the lockdown however they ar enot sending staff home and are paying them their salaries too.

“Indian Government has done what was unthinkable in locking down the entire Country. We respect that. All my Companies have effectively ceased operations. All manufacturing is closed as well. Yet we are not sending employees home and paying the idle cost. Government has to help,” Mallya mentioned.

The beleagured liquor baron additionally urged everybody to keep up social distancing to battle coronavirus. “inImportant to stay safe and maintain social distancing which can effectively be achieved by staying home and enjoying home time with family and pets. I am doing the same. We all have a sense of bravado but it’s not worth challenging an unknown enemy which isn’t Pulwama or Kargil,” he tweeted.

Mallya had fled India in March 2016. In January this 12 months, Mallya, had turn into the primary businessman to be declared an FEO underneath the provisions of the brand new Fugitive Economic Offenders Act which got here into existence in August 2018.

In June 2019, the Royal Courts of Justice, London, accredited Mallya’s plea to enchantment in opposition to the extradition case. The enchantment plea was filed by Mallya in April.

He stays on bail on an extradition warrant which was executed by Scotland Yard in April 2017. In 1992, an Extradition Treaty was signed by India and the UK and the treaty has been in drive since November 1993.