Vijay Mallya, who might soon be declared a Fugitive Economic Offender, said that he has been made the ‘Poster Boy’ of loan default and a lightning rod of public anger and that that he “has made and will continue to make every effort to settle with public sector banks (PSBs), Reuters reported on Tuesday. Vijay Mallya allegedly ran to ground his high-profile airline ‘Kingfisher’ and failed to pay off about Rs 9,000 crore debt of PSBs. Mallya, who is currently fighting against extradition to India from the UK, also said the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have filed charge sheets against him “with various untenable and blatantly false allegations acting at the behest of the Government and lending Banks”. He said that an application has been filed before Karnataka High Court to sell assets worth about Rs 139 billion to repay creditors including PSBs.
Had written letters to both the Prime Minister and the finance minister on April 15, 2016, to explain his side of the story, (but) “No response was received from either of them,” he said in a statement.

Vijay Mallya, who might soon be declared a Fugitive Economic Offender, said that he has been made the ‘Poster Boy’ of loan default and a lightning rod of public anger and that that he “has made and will continue to make every effort to settle with public sector banks (PSBs), Reuters reported on Tuesday. Vijay Mallya allegedly ran to ground his high-profile airline ‘Kingfisher’ and failed to pay off about Rs 9,000 crore debt of PSBs. Mallya, who is currently fighting against extradition to India from the UK, also said the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have filed charge sheets against him “with various untenable and blatantly false allegations acting at the behest of the Government and lending Banks”. He said that an application has been filed before Karnataka High Court to sell assets worth about Rs 139 billion to repay creditors including PSBs.
Had written letters to both the Prime Minister and the finance minister on April 15, 2016, to explain his side of the story, (but) “No response was received from either of them,” he said in a statement.