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Facing extradition, Vijay Mallya again offers to settle bank dues

NEW DELHI: In a series of tweets posted on Thursday morning, fugitive businessman Vijay Mallya reiterated his be offering to transparent all bank dues. Mallya's be offering to settle dues got here according to Prime Minister Narendra Modi's speech within the Lok Sabha on Wednesday.

"The Prime Minister's last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who "ran away" with Rs 9,000 crores. Given the media narrative I can only infer that reference is to me," Mallya stated in a tweet.

"Following on from my earlier tweet, I respectfully ask why the Prime Minister is not instructing his banks to take the money I have put on the table so he can at least claim credit for full recovery of public funds lent to Kingfisher," he stated in every other tweet.

"I have made the offer to settle before the Hon’ble High Court of Karnataka. This cannot be dismissed as frivolous. It is a perfectly tangible, sincere, honest and readily achievable offer. The shoe is on the other foot now. Why don’t the banks take the money lent to KFA," the fugitive businessman asked.

"Am appalled to say the least at the media reports on the Enforcement Directorate claims that I hid my wealth ! If there was hidden wealth how could I put approximately Rs 14,000 crores worth of assets openly in front of court? Shameful misleading of public opinion but unsurprising," Mallya stated in every other tweet.

Mallya last month become the primary businessman to be declared as a fugitive economic perpetrator (FEO) beneath the Fugitive Economic Offenders Act, which got here into existence in August, 2018.

He had left the rustic on March 2, 2016. A London court docket had, on December 10, 2018, ordered his extradition.

Mallya's extradition have been licensed by means of the UK house secretary, the British government stated on Monday, in a significant blow to the liquor baron and boosting India's efforts to convey back the fugitive businessman.

UK house secretary approves Vijay Mallya's extradition to India

UK house secretary Sajid Javid has ordered the extradition of Vijay Mallya on charges of conspiracy to defraud and cash laundering offences, the home place of work stated on Monday, in a significant blow to the embattled liquor baron. He now has 14 days from February 4 to use for go away to appeal to the UK prime court docket.

Subsequently, Mallya stated he would initiate the process to record an appeal in opposition to his extradition.

The 62-year-old former Kingfisher Airlines boss, who has been on bail in the UK on an extradition warrant since his arrest in April last 12 months, is fighting extradition to India on charges of fraud and cash laundering allegedly amounting to round Rs 9,000 crore.

(With inputs from businesses)

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