By Arresting Me, They Won’t Get Any Money, Says #VijayMallya To UK Paper

Embattled tycoon Vijay Mallya wants a “reasonable” settlement with creditor banks to his defunct airline, he said in an interview in London published by the Financial Times on Friday.

Mallya, 60, flew first class from Delhi to London on March 2 at a time when the Indian government and mainly state-controlled banks are trying to recover $1.4 billion owed by his collapsed Kingfisher Airlines Ltd.

“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.