Damned if you do, damned if you don’t: Vijay Mallya lashes out at banks


New Delhi, Mar 28 (IT): Soon 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," he said.

"Damned if you do and Damned if you don't is how I am treated," Mallya added.

A few days ago, when PSU banks came to airline Jet Airways' rescue, Mallya slammed banks for providing no assistance to pull out Kingfisher Airlines out of a similar financial mess.

Lashing out at banks, he said: "Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise. Only wish the same was done for Kingfisher."

"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.

Vijay Mallya, who has currently appealed against his extradition to India, settled in the UK after fleeing from the country in March 2016. He is accused of defrauding a consortium of banks to the tune of Rs 9,000 crore.

  

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Comment on this article

  • Chowkidar Shankar, Mangaluru

    Thu, Mar 28 2019

    Malya is a true gentleman.
    He never defaulted any bank loans. His business venture KFA went into a loss and couldn't pay the debts back to the banks. The banks, if they had insured the loan, they could have recovered the money from Insurance companies.
    Why block his accounts ? It resulted in non-payment of salaries to KFA employees. Even if the courts makes up its mind, it can pay off all the pending salaries to KFA employees.

    DisAgree [6] Agree [4] Reply Report Abuse

  • Sahil, Mangaluru

    Thu, Mar 28 2019

    Tie up with him and be a guarantor for new project loan. Best of luck. Kuch bhi.

    DisAgree Agree [6] Reply Report Abuse

  • Chowkidar Shankar, Mangaluru

    Thu, Mar 28 2019

    Kuch bhi math likh.
    Counter with logical answers if you have any!

    DisAgree [3] Agree [3] Reply Report Abuse

  • Sahil, Mangaluru

    Thu, Mar 28 2019

    Honest people will take decades to clear the bank loan. But finally they will pay not fleeeeeeeee like you. And. Choksi. Mehul. Modi.

    DisAgree [1] Agree [8] Reply Report Abuse

  • MeinBhiFenku, Mangalore

    Thu, Mar 28 2019

    Because he has given the share to JOOT-LAY to flee!!!!
    Those who write Chowkidar in front of their name, instead of Mr., Mrs. Ms. Sri or Sriman are the CHORS deadly than Alibaba !!!!!
    Chowkidar Chor Hai!!!!!!

    DisAgree [2] Agree [3] Reply Report Abuse

  • Sahil, Mangaluru

    Thu, Mar 28 2019

    Bab ramadev smarter than you. Without paying single penny multiple behind him.

    DisAgree Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Mar 28 2019

    Goyal & Mallya to start Golmal Airlines ...

    DisAgree [1] Agree [8] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Thu, Mar 28 2019

    Goyal is out of Jet Airways. Now, Mr. Mallya, both of you together, start an airline, by name Gol-Mal Airlines.

    DisAgree [4] Agree [12] Reply Report Abuse

  • Deva, Pilar

    Thu, Mar 28 2019

    Mallyanna welcome to India the land of Opportunities ...........start a new business this time politics which gives good promised returns in 5 year term.

    DisAgree [2] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Mar 28 2019

    Come to India & Talk ...

    DisAgree [3] Agree [13] Reply Report Abuse


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