India’s most famous defaulter has made a desperate appeal

Fugitive Indian businessman Vijay Mallya, facing an extradition trial in the UK, today (Dec. 05) made a fervent appeal to his creditors to accept his offer of repaying the full principal amount he owes them.

Taking to Twitter to blame extraneous factors for the sinking of his carrier, Kingfisher Airlines, Mallya, who headed the United Breweries alcoholic beverage empire till recently, said he is willing to pay “100% of the principal amount” owed to banks.

Airlines struggling fina...

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India’s most famous defaulter has made a desperate appeal to his creditors