Ready to settle dues: Mallya

Soon after London's Westminster Court extended bail of Vijay Mallya on Tuesday, the embattled liquor baron said that he is ready to settle his dues.

"I have not applied for any clemency. But, I am ready to settle my dues," Mallya, who is wanted in India on the charges of bank fraud and money laundering, told reporters after his extradition trial hearing.

Mallya, however, appeared confident when he said that banks cannot file his assets for complaints. "My assets can't be attached for the complaints filed by the banks. They can't be sold. Let the judiciary decide what's right," he said.

The court today extended Mallya's bail till September 12, which is also the next date of hearing. The 62-year-old is facing the trial in the London court to be extradited to India to face charges for the financial irregularities involving a total amount of Rs 9,000 crore, as well as money laundering case.

Earlier on June 30, Mallya was summoned by a designated court under Fugitive Economic Offenders to appear before it on August 27. The notice was issued to Mallya and others in connection with Enforcement Directorate's June 22 application to declare him as a fugitive economic offender and to confiscate his properties.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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