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‘In forced exile, have no plan to leave UK’

Liquor baron has said that he also wants a "reasonable" settlement with banks

Policy Pulse
Publish Date: Apr 29 2016 11:53AM | Updated Date: Apr 29 2016 11:53AM

‘In forced exile, have no plan to leave UK’

 Loans defaulter Vijay Mallya has said he is in "forced exile" and has no plans to leave Britain.

 
In an interview to Financial Times, the liquor baron has said that he also wants a "reasonable" settlement with banks he allegedly owes Rs 9,000 crores to
 
"We have always been in dialogue with banks saying: 'We wish to settle'. But we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before,"he was quted as saying by the the newspaper in London.
 
Mallya flew to London from Delhi on March 2 at a time when the government and a 17-banks are trying to recover the money owed by his collapsed Kingfisher Airlines Ltd.
 
"By taking my passport or arresting me, they are not getting any money," he told the paper.
 
On Thursday, India wrote to the British Government seeking his deportation.
 
"I am absolutely not guilty of any of these preposterous charges of diverting funds from Kingfisher, buying properties or stuff like that," Mallya told the Financial Times.