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Why are banks not accepting my offer, Vijay Mallya asks Modi on Twitter

Vijay Mallya
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Fugitive liquor baron Vijay Mallya on Wednesday urged Prime Minister Narendra Modi in a series of tweets to instruct banks to accept the money he had offered to settle all dues. His comments came after the PM, while replying to the motion of thanks on the President’s address in the Lok Sabha last week, said that those who had fled the country were crying foul on Twitter.

“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 9000 crores. Given the media narrative, I can only infer that reference is to me,” Mallya tweeted.

The Prime Ministers 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 9000 crores. Given the media narrative I can only infer that reference is to me.
— Vijay Mallya (@TheVijayMallya) February 14, 2019

He reiterated that he had offered to repay the full amount but his payback request was refused. Read more

He urged Modi to instruct banks to accept his offer so that he could at least claim credit for funds lent to Kingfisher.

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.
— Vijay Mallya (@TheVijayMallya) February 14, 2019

In a series of tweets, Mallya further said that his request could not be dismissed as “frivolous” and that the shoe was “on the other foot now”.

I have made the offer to settle before the Hon’Ble High Court 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 ?
— Vijay Mallya (@TheVijayMallya) February 14, 2019

In his fourth and last tweet on this issue, Mallya said he was “appalled” to read Enforcement Directorate’s claims that he hid his wealth. He asked, “If there was hidden wealth how could I put approximately 14,000 crores worth of assets openly in front of the court?”

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 14,000 crores worth of assets openly in front of Court ? Shameful misleading of public opinion but unsurprising.
— Vijay Mallya (@TheVijayMallya) February 14, 2019

Earlier this month, an investigation carried by ED revealed that Mallya had no intention of paying back loans of over Rs 5,500 crore to a consortium of banks even though creditors agreed to restructure debt for Kingfisher Airlines. Read full report here

Mallya had left India on March 2, 2016. A court in London on December 10, 2018, ordered his extradition.

Facing cases registered by the ED as well as the Central Bureau of Investigation, he is wanted for alleged fraud and money laundering amounting to an estimated Rs 9,000 crore.

Source: Business Standard