Vijay Mallya ready to return |
Vijay Mallya now in the UK , under pressure from Indian banks to repay loans, said he has every intention of honouring commitments, that he has made a new settlement offer to main lender State Bank of India and is hopeful of making quick progress on the matter, according to directors who attended a United Breweries Ltd (UBL) board meeting that he chaired by video-conference. Even as the Enforcement Directorate is seeking to extradite him from the UK , where he`s been for the past two months or so, the chairman of UBL has the support of the board and strategic partner Heineken. The board meeting was held in Mumbai on May 13 , with Mallya logging on remotely from London. Mallya expressed concerns over the various issues and assured us that he is in serious negotiations with the banks to repay the loans as soon as possible.He has said he is willing to return to India to answer all questions but he has to be assured of his safety and freedom," said Kiran Mazumdar-Shaw , independent board member. Mallaya also told he had tried to repay Kingfisher Airlines` employee dues through United Breweries Holdings but was delayed since the Karnataka High Court has frozen accounts and assets.
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