Vijay Mallya, the fugitive businessman, said that his Kingfisher Airlines which is currently no longer in use also may have bailed out by lenders just like the cash-strapped Jet Airways on Monday. He claimed that the banks are responsible for letting “India’s finest airline” close its operations seven years ago.
Vijay Mallya tweeted, “Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise. Only wish the same was done for Kingfisher.”
The 62-year-old fugitive businessman is being investigated for fraud and money-laundering. In India, he has defaulted Rs.9,000 crore loans which he has not been able to pay due to his failed Kingfisher Airlines. The Airline gets closed in 2012 after getting a huge loss.
He had requested the Indian banks to “take his money” and to save Jet Airways. He wrote on Twitter, “And I repeat once again that I have placed liquid assets before the Hon’ble Karnataka High Court to pay off the PSU Banks and all other creditors. Why do the Banks not take my money? It will help them to save Jet Airways if nothing else (sic).”
On Monday, the founder of Jet Airways, Naresh Goyal and his wife Anita Goyal has resigned from the board of the airline which they had formed 25 years ago. They have clearly stated that the way for the lenders to immediately bailout of Rs. 1,500 crore.
Vijay Mallya had offered to refund 100 percent of the main amount he owes banks in India, saying: “Please take the money”. He had also said if his offer was accepted, Kingfisher employees should be paid first.
Vijay Mallya is currently living in London. Last year, on February India, has asked for his extradition.

Related Articles
Next Story
Going Viral
Amid United States New Tariffs, Xi Jinping, Narendra Modi, And Vladimir Putin To Discuss Protectionism

Amid United States New Tariffs, Xi Jinping, Narendra Modi, And Vladimir Putin To Discuss Protectionism

by Chandrani Sarkar June 24, 2019
Chinese President Xi Jinping will hold meetings with Russian President Vladimir Putin, Prime Minister Narendra Modi, and other leaders of BRICS grouping during the G20 Summit in Japan, where they are likely to discuss about opposing the “protectionist” and “unilateralist” trade policies of the United States, reports a senior minister of China. China is seeking to build a strong rivalry against the United President Donald Trump using tariffs and trade...