Saturday, July 2, 2022
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News India

Vijay Mallya again offers to pay back Indian banks fearing extradition to India

by Janam Web Desk
Apr 29, 2019, 07:54 pm IST
in India

London: Vijay Mallya has again took to social media to announce his offer to pay back 100% of the money he owes to Indian banks  fearing extradition to India.

Lately, the liquor baron is jittery about a looming extradition to India to face legal charges against him. He had tweeted several times that he is ready to pay back the loan amount he took from state-owned banks in India. However, the banks are not buying the tycoon’s bluff and has not accepted his ‘offer’.

Vijay Mallya also referred to the recent sinking of Jet Airways and said that those were genuine business failures just like how his Kingfisher Airlines failed.

Vijay Mallya had fled from India after he was charged with fraud and money laundering to the tune of Rs. 9000 crores. He is currently on bail on an extradition warrant by Scotland Yard in April, 2017.

Mallya is undergoing a UK High Court appeals process against his extradition order.

The Chief Magistrate of Westminster Court had favoured his extradition and said that the prosecutor representing Indian authorities had presented a prima facie case of fraud and a conspiracy to launder money.

After the liquor baron fled the country, the Enforcement Directorate (ED) has attached his assets worth crore of rupees. In June, 2016, ED attached Rs. 1,411 crore. On 3 September, the agency attached another Rs. 6,630 crore worth of his assets. By December, 2016, the ED attached a total of Rs. 9,661 crore worth of assets, which makes it the biggest attachment by ED in a Prevention of Money Laundering Act case till date.

He is also facing legal cases in the United Kingdom.

Tags: FEATURED
ShareTweetSendShare

Related News

Udaipur beheading case; Two Islamic terrorists arrested for conspiracy
News

Udaipur beheading case; Two Islamic terrorists arrested for conspiracy

Gold smuggling case; Swapna Suresh appeared before ED
News

Gold smuggling case; Swapna Suresh appeared before ED

Eknath Shinde sworn in as Maharashtra CM; Devendra Fadnavis Deputy CM
News

Eknath Shinde sworn in as Maharashtra CM; Devendra Fadnavis Deputy CM

Latest News

The majority must be proved by tomorrow evening: Governor ordered Thackeray Government

Party took action against Eknath Shinde: removed from all positions, says Uddhav Thackeray

Pakistan: Gunshots following arguments on power cut: 2 killed

Pakistan: Gunshots following arguments on power cut: 2 killed

Every match is crucial in WC: Vandana Kataria

Every match is crucial in WC: Vandana Kataria

Ukraine signs statement to be full EU member

Ukraine signs statement to be full EU member

Russia to keep selling grain, energy: Putin

Russia to keep selling grain, energy: Putin

Jagannath Rath Yathra; thousands of devotees throng Puri

Jagannath Rath Yathra; thousands of devotees throng Puri

PM to visit Bhimavaram and Gandhinagar on 4th July

PM to visit Bhimavaram and Gandhinagar on 4th July

DRDO conducts successful maiden flight of Autonomous Flying Wing Technology Demonstrator

DRDO conducts successful maiden flight of Autonomous Flying Wing Technology Demonstrator

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited