Technoglitch
Core Member
As the Indian judiciary and banks efforts to recover Rs 9,000 crore dues from billionaire Vijay Mallya reach a level of desperation, the liquor baron who is estimated to be worth about Rs 7,000 crore has indicated that he may not return to India at all.
"I do not feel the time is right. I feel passions are high. People need to think rationally," he said in an interview to the Sunday Guardian. In an indication he may even choose not to return at all, he has also said that he hoped that he would "return one day".
He said, loan defaults are a business matter and banks give out loans knowing the risk involved. "They decide, we don’t. Our own business was flourishing, but plummeted suddenly. Don’t make me the villain. I have the best intentions. I’m quiet because I fear my words will be twisted like of others," Mallya said.
On being asked he left country after being tipped off about the banks moving court, Mallya said it's a matter of interpretation and don't need anyone to tip hin off about anything. "I’ve never hidden any aspect about my life. I’m one of the most open people. I’m forced to go into hiding and that makes me sick," said Mallya.
"I am an Indian to the core. Of course I want to return," said Mallya in an interview.
But, he said the time is not right for him to return to India now as he has already been branded as a criminal, and will not get a fair chance to present his side.
Interestingly, the statement has come at a time when the Hyderabad Court has issued a non-bailable warrant againt Mallya. On Friday, the Hyderabad court issued a warrant after he failed to appear in a court here in connection with alleged dishonour of a cheque of Rs 50 lakh to GMR Hyderabad International Airport Ltd.
Vijay Mallya indicates he won't return for now, makes bakras of all and sundry - Firstpost
"I do not feel the time is right. I feel passions are high. People need to think rationally," he said in an interview to the Sunday Guardian. In an indication he may even choose not to return at all, he has also said that he hoped that he would "return one day".
He said, loan defaults are a business matter and banks give out loans knowing the risk involved. "They decide, we don’t. Our own business was flourishing, but plummeted suddenly. Don’t make me the villain. I have the best intentions. I’m quiet because I fear my words will be twisted like of others," Mallya said.
On being asked he left country after being tipped off about the banks moving court, Mallya said it's a matter of interpretation and don't need anyone to tip hin off about anything. "I’ve never hidden any aspect about my life. I’m one of the most open people. I’m forced to go into hiding and that makes me sick," said Mallya.
"I am an Indian to the core. Of course I want to return," said Mallya in an interview.
But, he said the time is not right for him to return to India now as he has already been branded as a criminal, and will not get a fair chance to present his side.
Interestingly, the statement has come at a time when the Hyderabad Court has issued a non-bailable warrant againt Mallya. On Friday, the Hyderabad court issued a warrant after he failed to appear in a court here in connection with alleged dishonour of a cheque of Rs 50 lakh to GMR Hyderabad International Airport Ltd.
Vijay Mallya indicates he won't return for now, makes bakras of all and sundry - Firstpost
