(ET)
Fugitive liquor baron Vijay Mallya, who is wanted in India over loan default, today said he has become the “Poster Boy” of bank default and a lightning rod of public anger. Mallya also said that he has made and will continue to make every effort to settle with the public sector banks.
“UBHL and I had filed application before Karnataka high court on to sell assets worth about 139 billion rupees and requested the court’s permission to allow sell of the assets under judicialjudicial supervision and repay creditors, including public sector banks,” claimed Mallya.
Breaking his silence after a long time, to state the “factual position in response to the controversy unfortunately surrounding” him, Mallya said he had written letters to both the Prime Minister and the finance minister on April 15, 2016 to explain his side of the story.
