• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Take my money, save Jet Airways: Vijay Mallya urges banks

|

New Delhi, Mar 26: Fugitive businessman Vijay Mallya blamed banks for letting "India's finest airline" close its operations and said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday.

His statement comes a day after the government announced that banks will infuse Rs 1,500 crore to save Jet Airways from debt crisis.

In a series of tweets, Mallya said he has not been recognised for his investments to save Kingfisher and is being criticised for no reason. He also called out the present NDA regime, alleging "double standards".

Vijay Mallya cries foul over banks’ bailout of Jet Airways

"I invested over 4000 crores into Kingfisher Airlines to save the Company and its employees. Not recognised and instead slammed in every possible way. The same PSU Banks let India's finest airline with the best employees and connectivity fail ruthlessly. Double standards under NDA," wrote Vijay Mallya on Twitter.

Mallya set to lose more properties

Vijay Mallya asked the PSU banks to take his offer and save the Jet Airways.

"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," he added.

Mallya, known for his lavish lifestyle, left India in March 2016 owing more than $1 billion after defaulting on loan payments to state-owned banks and allegedly misusing the funds.

The loans from the state-owned IDBI bank were intended to bail out his failed carrier Kingfisher Airlines, whose motto was "Fly the Good Times" but folded in 2012 under huge debts.

Indian authorities last year laid money-laundering charges against the tycoon, who dropped off India's most wealthy list in 2014.

India formally asked for his extradition in February last year. He is currently living near London.

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more