Ready for one-time settlement: Mallya

A day after the Supreme Court asked Mallya about his assets and transfer of USD 40 million to his children, he took to the twitter to clarify his position. He also offered to negotiate with banks to pay one time settlement charge on his Rs 9,000 crore loan default. 

“I have humbly obeyed every single Court Order without exception. Seems as if Government is bent upon holding me guilty without fair trial,” he said in one of the tweets. The court had on Thursday reserved orders on two pleas of lending banks seeking contempt action and a direction to him to deposit USD 40 million he had received from offshore firm Diageo respectively. 

“The allegations against me by thae Attorney General before the Honourable Supreme Court only prove the attitude of the Government against me,” Mallya said in another tweet.     

“Public Sector Banks have policies for One-Time Settlements. Hundreds of borrowers have settled. Why should this be denied to us?” he said in a tweet as he sought negotiations with banks to pay a onetime settlement charge on Rs 9,000-crore loan default.