Earlier, a court in the United Kingdom ordered Vijay Mallya to pay 88,000 Pounds (Rs 80 lakh) to UBS Investment Bank which had granted a 20.4 million-pound ($26.6 million) mortgage loan to former billionaire's London house.
Liquid baron Vijay Mallya on Wednesday offered to repay 100 per cent of the amounts to bank. In a series of tweets, Mallya said, "Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where Banks money went . I have offered to repay 100 % of the Principal amount to them. Please take it (sic)."
“Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad (sic),” he tweeted.
Meanwhile, a court in the United Kingdom ordered Vijay Mallya to pay 88,000 Pounds (Rs 80 lakh) to UBS Investment Bank which had granted a 20.4 million-pound ($26.6 million) mortgage loan to former billionaire's London house.
The court has ordered him to pay the amount by January 4, 2019, according to a TV channel report.
Earlier, the Swiss bank had applied for the possession of Vijay Mallya's London mansion in UK High Court citing that the mortgage had not been repaid.
The property, which faces London's Regent’s Park, was being used by Mallya as his family home.
The 62-year-old former Kingfisher Airline's boss, who has been on bail on an extradition warrant since his arrest in April last year, is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores. Mallya has been living in Britain since March 2016. The extradition case has entered final stages with Westminster Magistrates' Court in London likely to pronounce a verdict in December this year.
The extradition trial, which opened at the London court on December 4 last year, is aimed at laying out a prima facie case of fraud against the embattled liquor tycoon, who has been based in the UK since he left India in March 2016. It also seeks to prove there are no "bars to extradition" and that the tycoon is assured a fair trial in India over his now-defunct Kingfisher Airlines' alleged default of over Rs 9,000 crores in loans from a consortium of Indian banks.
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 "'Please, take it': Vijay Mallya offers to 'repay 100%' to banks on Twitter")
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