“…Take Your Principal Back Immediately”

'...Take Your Principal Back Immediately': Vijay Mallya To Banks Amid Extradition Trial In UK

Vijay Mallya said he was considering to honour his guarantee and pay the banks in full.

London [UK]:

Fugitive liquor baron Vijay Mallya on Thursday termed Central Bureau of Investigation and Enforcement Directorate’s action against him as “totally unreasonable”.

Speaking to reporters after the third day of the hearing at the UK High Court, where he has appealed against the extradition decision of Westminster Magistrates Court, Vijay Mallya said: “CBI and ED have been unreasonable, all they have been doing to me over the past four years is totally unreasonable. I request the banks with folded hands to take 100 per cent of your principal back immediately.”

Vijay Mallya said that ED attached his assets on the basis of banks’s complaint that he was not repaying them.

“That is clearly stated in the provisional attachment orders. I have not committed any offences under the PMLA that the ED would suo moto attach my assets. Now, I am saying please banks take your money and the ED is saying — we have a claim on these assets,” he said.

Vijay Mallya said he was considering to honour his guarantee and pay the banks in full.

“ED on one side and banks on the other side are fighting over the same asset. I have not borrowed any money from ED. In fact, I did not borrow money myself from banks, Kingfisher airlines did. I am mulling to honour my guarantee and pay them in full,” he said.

The Indian government on Wednesday reiterated its accusation that Vijay Mallya willfully misrepresented the financial health of the now-defunct Kingfisher Airlines, as the fraud-accused liquor baron’s appeal against his extradition to India continued at the High Court in London.

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