"Airlines struggling financially partly because of high ATF prices. I have offered to repay 100 per cent of the principal amount to them. Please take it (sic)," Mallya tweeted.
Fugitive liquor baron Vijay Mallya on Wednesday appealed to various Indian banks to accept his offer to pay back 100 per cent of the principal loan amount he owes to them, days ahead of a UK court's decision on his plea not to extradite him to India.
The 62-year-old former Kingfisher Airline boss, who has been on bail in the UK on an extradition warrant since his arrest in April last year, is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores.
In a series of tweets, the embattled businessman said that the huge loans he took from banks went into keeping his now-defunct Kingfisher Airlines afloat despite high jet fuel prices.
"Airlines struggling financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $140/barrel. Losses mounted and that's where Banks money went . I have offered to repay 100 per cent of the principal amount to them. Please take it (sic)."
Mallya also claimed that his vast liquor empire, the United Breweries, contributed "handsomely" to the state exchequer.
"Sad loss of the finest Airline but still I offer to pay Banks so no loss. Please take it," he said.
"Politicians and the media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don't I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court," he said.
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