Vijay Mallya’s ‘Chori’ Claim: Reactions & Controversy
- Fugitive businessman Vijay Mallya, embroiled in a significant loan default case, maintains that the Indian government has recovered more than double the amount Kingfisher Airlines owed to banks.
- Mallya, wanted in India for a Rs 9,000 crore loan default, has resided in the united Kingdom since 2016.
- The former Kingfisher Airlines chief attributed the airline's failure to government policy, specifically citing the denial of investment from Etihad Airways as the "final straw." He also claimed...
Vijay Mallya doubles down, asserting vindication against fraud claims related to the massive Kingfisher Airlines loan default. The fugitive businessman now argues that recoveries by the Indian government far exceed the debt owed. He’s openly questioning his continued “fraud” label, sparking fresh controversy. He claims the government’s actions, not his, lead to Kingfisher’s downfall. Mallya’s recent statements reveal a willingness to return if a fair trial can be guaranteed.This renewed narrative puts the focus back on the alleged financial crimes. Read more on these breaking developments,brought to you by News Directory 3. What’s next in this high-stakes saga? Discover what’s next …
Mallya Addresses Kingfisher Airlines Loan, Claims Vindication on Alleged Fraud
Updated June 7, 2025
Fugitive businessman Vijay Mallya, embroiled in a significant loan default case, maintains that the Indian government has recovered more than double the amount Kingfisher Airlines owed to banks. In a recent podcast, Mallya questioned his continued branding as a “fraud” or ”thief,” asking, “where is the ‘chori’?”
Mallya, wanted in India for a Rs 9,000 crore loan default, has resided in the united Kingdom since 2016. He stated he would “seriously consider” returning to India if guaranteed a fair trial and ”dignified existence.” he insists he didn’t flee India, but left on a pre-scheduled visit in March 2016 and chose not to return for reasons he deems valid.
The former Kingfisher Airlines chief attributed the airline’s failure to government policy, specifically citing the denial of investment from Etihad Airways as the “final straw.” He also claimed he sought permission from the then Finance Minister Pranab Mukherjee to downsize the airline but was advised against it with assurances of bank support.
Mallya highlighted that government records confirm recoveries of rs 14,100 crore against a Debt Recovery tribunal figure of Rs 6,203 crore, including unapplied interest. He argues this recovery negates any claim of fraud. He also contested the idea that he personally defaulted, stating Kingfisher Airlines borrowed the money, and he was merely a guarantor.
“I apologise to everyone for the failure of Kingfisher Airlines,” Mallya said.
His statements have reignited public debate, with some social media users questioning why Mallya is still considered a defaulter if his dues are settled, while others criticized his apology as insincere, citing unpaid salaries to former employees.
What’s next
India continues to pursue Mallya’s extradition from the UK and France, while investigative agencies probe multiple companies linked to him for alleged financial crimes.