Vijay Mallya statement comes a day before the debt recovery Court is scheduled to give its verdict on the occasion of the SBI, which along with another bank are trying to recover loans worth around Rs. 8,000 crore. (Archive)
New Delhi: Under fire over huge
loans outstanding long dead Kingfisher Airlines, said a defiant Vijay Mallya
today he is making efforts to reach a "solution once 'with banks through
additional payments to lenders and he denied "personally" be a
"delinquent borrower or judgment" and claimed that
"disinformation campaign" was played to make him a "poster
child" of all bad loans.
Rejecting accusations that he is
a "fugitive" following his statement to spend more time in England
after signing an agreement of "love" with Diageo, the liquor baron
said he will continue to cooperate with research organizations related loans
granted by banks that have long disappeared Kingfisher Airlines.
Mallya, who has agreed to resign
as chairman of United Spirits in exchange for $ 75 million to be paid by
Diageo, also insisted that he is not a "borrower or a defaulter
judgment" and has questioned the label of "willful defaulter" by
some banks, reproaching him not to go after borrowers who "owe much more
than the amount allegedly owed by Kingfisher Airlines."
He also alleged that the State
Bank of India, which has dragged him to the Court of debt recovery (DRT)
seeking his arrest and confiscation of his passport to claim their Rs. 515
million rupees advantageous to leave United Spirits deal, he was well aware of
the financial stress of Kingfisher Airlines for a long time and it was reported
by state lender Central Bank of India way back in January 2012 - months before
once -luxurious was based airline in October of that year.
Mallya, who was widely known for
its great parties before their companies began plunging into one after another
crisis resulting in the sale or closure of several companies, also said that
while banks finally recover a "substantial part of its debt ", the
loss of his group is permanent.
Blaming also media and the TRP
race, he said in a statement in India banks have NPAs of Rs. Rs 11 lakh and
have borrowers who owe much more than the amount allegedly owed by Kingfisher
Airlines (KFA) - "a fact that never alluded or widely reported by the
media as in my case."
The statement came a day before
DRT is scheduled to give its verdict on the occasion of the SBI, which leads
the consortium of banks that are trying to recover loans worth around Rs.
Alongwith 8,000 million rupees of interest and penalties.
"I've been in most pain as
depicted as a fugitive. - I have the intention nor any reason to elope I've
been a non-resident for almost 28 years and the Reserve Bank of India has
acknowledged in writing," he said the statement said.
Mallya has been the subject of
intense media glare in recent weeks after an agreement signed with Diageo, the
current owner control of United Spirits that was created by his family, but had
to be sold due to financial stress his UB Group.
He said: "Over the years, I
have built successful businesses in India and abroad I also feel honored to be
a member of the Rajya Sabha has been cited me to various research organizations
and duly assisted and cooperated with each of them .., and I will continue
doing it. "
Reacting to what he described as
"almost hysterical campaign in the media," directed against him,
Mallya said: "My statement about my personal future after leaving Diageo /
USL - I want to spend more time in England closer to my children - has been
grossly distorted and misportrayed wish to reduce my business commitments
slowly and spend more time with my family, and my resignation to United Spirits
was a step in this direction. ".
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