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Mallya laments 'airline karma' in message for cash-strapped Jet Airways

Press Trust of India  |  London 

Embattled liquor tycoon on Wednesday took to once again, this time to express his solidarity with founder and repeat his own offer to repay all the money he owes to India's public sector banks.

The 63-year-old, fighting his extradition to on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores, claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air but did not assist his own and now

Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private on the brink of failure when government used 35K crores (Rs 35,000 crores) of public funds to bail out Air Just being a PSU is no excuse for discrimination, wrote in his latest intervention on

He added: I invested hugely into Kingfisher which rapidly grew to become India's largest and most awarded True, Kingfisher borrowed from PSU Banks as well. I have offered to pay back 100 per cent but am being criminally charged instead. Karma?

The former boss took yet another swipe at the media as well, claiming every offer he makes to pay back funds owed by his now-defunct to PSU banks resulted in reports that claim he is spooked, terrified etc of being extradited from the UK back to India.

I am willing to pay either way whether I am in or in an Indian Jail. Why don't Banks take the money I offered first, he questioned.

On a more personal note directed at founder and his wife Neeta, the chief expressed his sympathy for the troubles being faced by the cash-strapped private airline, which has been forced to cancel a string of flights amid a mounting crisis.

"Even though we were fierce competitors, my sympathies go out to and who built Jet Airways that India should be extremely proud of. providing vital connectivity and class service. Sad that so many Airlines have bitten the dust in India. Why, questioned.

Mallya remains on bail as he awaits an oral hearing to be listed by the for his appeal against his extradition ordered by in last December and then signed off by UK in February.

A first level of that written appeal has already been rejected by the High Court, where it will now be considered during a brief hearing to determine any grounds to grant permission for Mallya's appeal to proceed to appeal substantive hearing.

The faces a series of unrelated legal battles in the UK courts, including a USD 40-million claim brought by and an attempt by Swiss to repossess his posh home overlooking Regent's Park.

Meanwhile, a of India (SBI) led consortium of 13 Indian banks continue their attempt to enforce a worldwide freezing order upheld by the in May last year through a number of follow up court orders to try and recoup some of the GBP 1.145 billion owed to them.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 17 2019. 17:10 IST
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