Mallya in `forced exile` |
Beleaguered liquor baron Vijay Mallya, at the center of a controversy in India over alleged loan default of Rs.9,000 crore, has termed the charges against him as "preposterous" and said he was in "forced exile" in London from which he would like to return to his country. Mallya said in an interview to the Financial Times :"I`m absolutely not guilty of any of the preposterous charges of diverting funds from Kingfisher Airlines and buying properties. `m in a forced exile, willing to reach reasonable debt settlement.Questioning the amount of Rs.9,000 crore attributed as wilful debt against him, the 60-year-old industrialist said by taking away his passport or arresting him, the Indian government and banks won`t be able to get any money out of him.Notwithstanding the legal proceedings, my offer for settlement stands. The filings before the debt recovery tribunal indicate some 500 million pounds. The rest is toward unapplied interest. I`ve never been able to understand where this Rs.900 million figure came from, he said.
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