Kingfisher Airlines case: Vijay Mallya slams banks on Twitter for saying he still owes them money

Mallya posted a news clipping that claimed, IDBI Bank has recovered its complete dues totaling Rs 753 crore from the airlines.

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Vijay Mallya began a Twitter tantrum after being ruled bankrupt by a British court, allowing Indian banks to pursue his assets overseas, accusing lenders seeking to make him bankrupt.

On July 29, fugitive businessman Vijay Mallya criticised banks for alleging he still owed them money and shared news of IDBI Bank entirely recovering its dues from the now-defunct Kingfisher Airlines.

Mallya posted a news clipping that claimed, IDBI Bank has recovered its complete dues totaling Rs 753 crore from the airlines and said, "and the Banks say I owe them money!"

Earlier, a British court issued him a bankruptcy order on July 26, Mallya, who is wanted in India on fraud and money laundering accusations, tweeted, "ED attach my assets worth (Rs) 14K crores at the demand of government banks in order to satisfy a debt of (Rs) 6.2K crores. They restore assets to banks, who recover 9K crores in cash and maintain security over an additional 5K crores. Banks seek the court to declare me bankrupt so that they do not have to return money to the ED. Incredible."

Also Read: Fugitive Indian businessman Vijaya Mallya declared bankrupt by UK High Court

The 65-year-old fugitive businessman is still on bail after the Westminster magistrate's court in London ordered his extradition in December 2018. He has attempted and failed several times to overturn the court's decision. He has exhausted all legal options to block the government's extradition attempt to India.

The UK government is working on a "confidential issue" involving Mallya, amid reports that he has applied for political asylum in the country.

Mallya, who fled to the United Kingdom in March 2016, is wanted in India for a Rs 9,000 crore loan default by various banks to Kingfisher Airlines (KFA).

India has sought his extradition from the United Kingdom. He had previously offered to repay 100% of "public money," but he claims that the banks and government had turned him down.


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