loans defaulter Vijay Mallya said he is in “forced exile” and has no plans to leave Britain,
He also wants a “reasonable” settlement with banks he allegedly owes Rs 9,000 crores to, he said in an interview in London published by the Financial Times on Friday.
“We have always been in dialogue with banks saying: ‘We wish to settle’. But we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before,” Mallya told the newspaper in London.
Mallya, 60, flew first class from Delhi to London on March 2 at a time when the government and a 17-bank consortium are trying to recover the money owed by his collapsed Kingfisher Airlines Ltd.
“By taking my passport or arresting me, they are not getting any money,” the newspaper quoted him as saying.
India wrote to the British government on Thursday seeking the deportation of the liquor tycoon and Formula 1 motor racing boss, who is now also the target of a non-bailable warrant in a money laundering investigation by the Enforcement Directorate.