Vijay Mallya Once Again On Twitter Reiterates His Hundred Percent Payback Offer To Banks

Battling in UK courts to avoid extradition , the embattled liquor tycoon Vijay Mallya once again took to social media to lament the collapse 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.

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 wont take. Why ? — Vijay Mallya (@TheVijayMallya) April 28, 2019

The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face charges of fraud and money laundering amounting to an alleged Rs 9,000 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 said on Twitter .

Several Indian airlines collapsed sadly including KFA. Now the previously unthinkable has happened with the collapse of Jet. Genuine business failures. But I am criminally charged by CBI/ED despite offering 100% payback. Wonder why only me ? — Vijay Mallya (@TheVijayMallya) April 28, 2019

“Genuine business failures. But I am criminally charged by CBI/ED despite offering 100% payback. Wonder why only me,” he questioned.