Vijay Mallya has said he is in a forced exile and has no plans to return to India. Mallya, whose passport was revoked this month, said that banks will not get any money by taking his passport or arresting him.
The Indian government yesterday wrote to Britain seeking deportation of the liquor baron against whom a non-bailable warrant has been issued in a money-laundering investigation.
On being asked if he misjudged public mood, he said he cannot understand why he was labelled as a wilful defaulter. He made it clear that he does not intend to sell his current businesses in India. Mallya added that he has expressed willingness to settle with banks and a settlement offer was proposed to the Supreme Court of India.
The apex court has directed the Debt Recovery Tribunal to dispose of the main matter in two months.