Vijay Mallya Again Offers To Pay Up To Close Extradition Case Against Him
Vijay Mallya, founder and chairman of Kingfisher Airlines Ltd., stands outside during a break in his extradition hearing in London, U.K. (Photographer: Jason Alden/Bloomberg)

Vijay Mallya Again Offers To Pay Up To Close Extradition Case Against Him

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Former billionaire Vijay Mallya, who is fighting his extradition to India in the U.K., has once again asked the government to accept his offer to repay 100 percent of his loan dues and close the case against him.

Congratulating the Indian government over the Rs 20-lakh-crore Covid-19 economic package, Mallya lamented his repeated offers to repay his dues have been ignored.

"Congratulations to the Government for a Covid-19 relief package. They can print as much currency as they want BUT should a small contributor like me who offers 100% payback of state-owned bank loans be constantly ignored?" he said in a tweet.

"Please take my money unconditionally and close,” he added.

Mallya left India for the U.K. on March 2, 2016, as banks and investigation agencies swooped in on him to recover Rs 9,000 crore owed to his now-defunct Kingfisher Airlines.

In April this year, he lost a U.K. appeal to block his extradition to India, bringing him one step closer to facing fraud and money-laundering charges back home. He has since filed an appeal in the U.K. Supreme Court against that judgment.

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