Vijay Mallya Says PM Modi Is Lying About The Recovery Of His Debts, Hits Out At Banks Too

Fugitive former liquor baron Vijay Mallya who is facing extradition to India has hit out Prime Minister Narendra Modi and the banks accusing them of lying. In a tweet, Mallya alleged that the PM in a recent interview has claimed that the banks have already recovered the amount he owed, but the banks have told something different in the UK court.

Mallya was referring to an interview of PM Modi to a Hindi news channel where he said that, “He (Mallya) owed banks Rs 9,000 crore but the government has confiscated his properties worth Rs 14,000 crore from across the world."

AFP/ FILE

Earlier, he had accused the government of “discriminating” between state-owned and private airlines and accused them of bailing out Air India while the same was not given to his now-defunct Kingfisher Airlines and Jet Airways which announced the suspension of service on Wednesday.?

Mallya once called the 'King of Good Times,' ran into financial troubles after his Kingfisher Airlines incurred loses after loses and eventually seized operations.?

He owed around Rs 9,000 crore in loans to the bank tried to reach a settlement with the lenders' consortium, failing which he fled the country to evade arrest.

Even while he was fighting the extradition case, Mallya had reached out to the banks and the government to express his willingness to settle the loans.