Vijay Mallya offers to repay 100% principal amount to banks

Fugitive businessman Vijay Mallya on Wednesday said that he has offered to repay 100 % of the Principal amount to Banks and pleaded to 'please take it'. In a series of tweets, the business tycoon said “Airlines struggling financially partly becoz of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that’s where Banks money went. I have offered to repay 100 % of the Principal amount to them. Please take it. ”