Mallya, Vijay Mallya, extradition,

After over 74 lakh shares held by absconding businessman Vijay Mallya in United Breweries Holdings Limited (UBHL) were sold for over Rs 1,000 crore on Wednesday, he attacked PSU banks on Twitter.

Mallya said, “So much so for branding me a thief who stole PSU Bank money and ran away. Banks have made a substantial recovery in the past and also today. All included in my settlement proposal too. Damned if you do and Damned if you don’t is how I am treated.”


On Wednesday, over 74 lakh shares of Mallya‘s United Breweries Holdings (UBHL) Limited were sold by Bangalore-based Debt Recovery Tribunal. This helped the Enforcement Directorate recover Rs 1,008 crore.

Also Read: U.K. approve Vijay Mallya’s extradition to India

A few days ago, when PSU banks came to airline Jet Airways’ rescue, Mallya in a tweet said that he is happy to see PSU banks came to aid airline Jet airways but slammed banks for not providing any assistance to pull out Kingfisher Airlines out of a similar financial crisis.

“And I repeat once again that I have placed liquid assets before the Hon’ble Karnataka High Court to pay off the PSU Banks and all other creditors. Why do the Banks not take my money. It will help them to save Jet Airways if nothing else,” Mallya added.

Fugitive Vijay Mallya is accused  for defaulting Rs. 9,000 crore in loans after his Kingfisher collapsed. Vijay Mallya who is wanted in India for fraud and money laundering charges, had filed his application in the UK High Court, seeking permission to appeal against an extradition order signed by the British Home Secretary.

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