Tuesday, March 31, 2020

Vijay Mallya Asks India To Consider His Offer To Repay Kingfisher Airlines’ Dues

Embattled liquor baron Vijay Mallya has asked Finance Minister Nirmala Sitharaman to consider his repeated "offer to repay 100 percent" of the amount borrowed by the now defunct Kingfisher Airlines, amid the coronavirus pandemic. Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to Rs 9,000 crore, also said all his companies have effectively ceased operations and manufacturing following the lockdown in India. "I have made repeated offers to pay 100 percent of the amount borrowed by Kingfisher Airlines to the banks,” Mallya said in a series of tweets. Neither are banks willing to take money and neither is the ED willing to release their attachments which they did at the behest of the banks. I wish the FM would listen in this time of crisis.”
"The Indian government has done what was unthinkable in locking down the entire country. We respect that. All my companies have effectively ceased operations. All manufacturing is closed as well,” he added.
Mallya sought government help and said, "We are not sending employees home and paying the idle cost. Government has to help."
31/03/20 PTI/Bloomberg|Quint
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