Mallya says in forced exile, no plans to return to India

April 29, 2016

London, Apr 29: Embattled tycoon Vijay Mallya has said he is in a "forced exile" and has no plans to return to India where things are flying at him "fast and furious".

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Mallya, whose passport was revoked this month, said he wants a "reasonable" settlement with creditor banks for his defunct airline, but they "are not getting any money" by taking his passport or arresting him.

"I definitely would like to return to India. Right now, things are flying at me fast and furious. My passport has been revoked. I don't know what the government is going to do next," he told the Financial Times.

Mallya, 60, said he remains an Indian patriot, who is "proud to fly the Indian flag", but as the outcry around him continues, he is more than happy to stay safe in the UK and has no plans to leave that country.

"It is important to understand the environment in India today. The electronic media is playing a huge role not just in moulding public opinion, but in inflaming the government to a very large extent," he said in what FT termed as a four-hour interview in Mayfair, Central London.

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.

Mallya, who flew first class from Delhi to London on March 2 as a group of state-owned banks knocked on the door of the Supreme Court to recover about Rs 9,000 crore owed by his collapsed Kingfisher Airlines Ltd, said he was "absolutely not guilty of any of these preposterous charges of diverting funds from Kingfisher, buying properties or stuff like that".

The government, he said, can appoint the world's best forensic auditor to audit the accounts of Kingfisher and audit how banks loans were utilised. "I am sure they are not going to find anything, because that's the truth."

He said he has always maintained that "notwithstanding anything else", he was interested in settlement with Kingfisher bankers.

Asked who was behind his woes, he said, "I wish I knew."

Pressed if the people after him were bureaucrats or Prime Minister Narendra Modi, he said, "All I can say is the manner in which my passport was first suspended and then revoked was done in an extraordinary haste."

"First, notice of suspension came on a public holiday last week... I replied. And my reply was not considered and the passport was revoked on Saturday," he said.

Asked if he had made mistakes, Mallya said, "I must have made many mistakes."

On being asked if he misjudged public mood as it turned against flamboyant multi-millionaires in business in India, he said he cannot understand why he was labelled as a wilful defaulter.

"We have invested over 610 million pound into Kingfisher Airlines, we tried everything conceivably possible to save the airlines. A combination of macroeconomic factors and then government policies unfortunately could not save Kingfisher. (Though) I have lived my life in my normal life... people think I am flamboyant, actually I am quite simple," he explained.

Stating that he has worked hard all his life, he said he wanted "to try and settle with the banks and live my life in peace. That's my focus right now".

Mallya said he has acted as a brand ambassador for his brands in the 'media dark environments' while referring to prohibition on advertising for alcohol.

Trying to explain that the King of Good Times label was actually a slogan for the Kingfisher beer brand, he expressed dismay as to what could have gone wrong.

He made it clear that he does not intend to sell his current businesses in India. "These businesses are doing very well. If I had a passport, I could. But right now, I am in a forced exile," he said.

"(I am) willing to clear my name."

Mallya added that he has expressed willingness to settle with banks and a "very sincere" 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.

"Notwithstanding that legal process, my offer for settlement stands," he said, adding that the filings before DRT by the consortium of bankers is of principal amount of a little over 500 million pound and the rest is towards unapplied interests.

Asked about Rs 9,000 crore outstanding claimed by banks, he said, "I don't know whether it's the banks or the media or the combination of the two... I have never been able to understand where this Rs 9,000 crore or 900 million pound figure came from. But as I said, if there is a reason and rationale all around, the banks can be settled along with other creditors."

"...we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before... would like to repeat that I will reach out if they are interested in making a settlement," Mallya clarified.

Asked if he would consider raising his offer to settle outstanding loans, he said, "The banks also need to consider that there are other creditors which also need to be paid off and satisfied. I can't be seen giving preference to the banks just because of this extraordinary pressure on me by government agencies."

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November 30,2025

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Mangaluru, Nov 30: A 22-year-old college student succumbed to her injuries at a private hospital in Mangaluru today, days after she was hit by a goods tempo while crossing a road in Padubidri.

The deceased has been identified as Preksha, a resident of Nadsalu Billitota in Padubidri. The fatal incident occurred as Preksha, who was returning home after completing her examination, attempted to cross the service road towards Mangaluru. She was struck by a goods tempo approaching from the Udupi side, causing her to fall and sustain a severe head injury.

Prompt action from local residents ensured she received immediate first aid before being rushed to a hospital in Mangaluru for specialised treatment. Despite medical efforts, she passed away while undergoing care.

Preksha was a student at Karavali College, Vamanjoor on the outskirts of Mangaluru city. The tragedy is compounded by the fact that she belonged to a financially vulnerable family, having previously lost her father. She is survived by her mother and brother.

A case related to the accident has been registered at the Padubidri police station, and an investigation is underway to determine the exact circumstances that led to the collision. The incident highlights the growing concerns over road safety, particularly on busy service roads, and serves as a tragic reminder of the human cost of traffic accidents.

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News Network
November 29,2025

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New Delhi: Karnataka chief minister Siddaramaiah and deputy CM DK Shivakumar on Saturday put up a dramatic display of unity at a closely watched joint press briefing, firmly dismissing weeks of speculation about a power-sharing tussle within the Congress. With the high command nudging both leaders to sit together and settle the dust, the meeting became a political spectacle, ending with the duo declaring that there was “no confusion, no differences.”

Calling the reports of a rift “manufactured confusion,” Siddaramaiah said the talks had gone smoothly, even joking about their breakfast. “Breakfast was very good. All three of us enjoyed it,” he said. “We want to end this confusion once and for all. For local elections and for 2028, our mission is clear — Congress must return to power. There is no difference between me and DKS, not now, not before.”

He blamed the media for fuelling rumours and reiterated absolute adherence to the party leadership. “From tomorrow, let there be no confusion. What the high command says, we will follow.”

Siddaramaiah also assured that the Assembly session starting December 8 would run smoothly and vowed that Congress would take on the BJP and JD(S) “together.”

Shivakumar echoed the chief minister word for word, stressing loyalty and discipline. “People have given us a massive mandate. It is our duty to deliver,” he said. “This government was formed under Siddaramaiah’s leadership. We both have complete trust in the high command. If they tell me to wait, I will wait.”

He added that the two leaders had discussed strategy for the 2028 Assembly elections. “Whatever the CM says, I agree. We are loyal soldiers of the party. The party may be facing challenges nationally, but we will keep it strong in Karnataka.”

Shivakumar also said Siddaramaiah would soon visit his home for lunch or dinner — another symbolic gesture meant to underline their unity.

Both leaders later posted on social media describing the breakfast meeting as “productive” and focused on “Karnataka’s priorities.”

The BJP, however, rejected the show of camaraderie as “pure bunkum,” accusing Congress of trying to paper over an internal power struggle. But Siddaramaiah and Shivakumar insisted their united front would continue — and that there was “no confusion” within the state leadership.

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December 2,2025

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Bengaluru: 'Nati koli saaru' (country chicken curry) considered one of Chief Minister Siddaramaiah’s favourites along with steaming hot idlis was on the breakfast menu at Deputy CM D K Shivakumar’s residence on Tuesday, according to official sources.

The spread also included 'nati koli' fry, vada and pongal, among other items, they said.

In an apparent show of unity, Siddaramaiah visited Shivakumar’s residence for breakfast, just days after the two leaders shared a meal amid a simmering power tussle in the state Congress.

Siddaramaiah drove to the Deputy CM’s residence in Sadashivanagar, where he was received by Shivakumar and his brother D K Suresh, who is a former Congress MP.

Suresh and Kunigal MLA H D Ranganath, a relative of Shivakumar, joined them for breakfast, which featured a mix of vegetarian and non-vegetarian dishes.

Speaking to reporters later, Siddaramaiah said Shivakumar had invited him during his visit to the CM’s residence for breakfast on Saturday.

Asked about the difference between the two meals, the chief minister said, "At his (Shivakumar’s) house it was non-veg, while at my house it was veg. He is a vegetarian, I am a non-vegetarian. I had not prepared non-veg. I told DK to get chicken from the village as you won’t get the original in Bengaluru."

Shivakumar said he had initially invited Siddaramaiah to his residence, but the CM had suggested visiting his place first and reciprocating later. "It was a vegetarian breakfast at the CM’s house on Saturday," he noted.

"Today, I invited him (the CM) to my house. He enjoyed the breakfast, which had his Mysuru taste," Shivakumar added. At this point, Siddaramaiah remarked that Shivakumar’s wife is also from Mysuru.

Saturday’s breakfast at Siddaramaiah’s official residence, held as part of efforts by the Congress high command to ease tensions in the leadership dispute between the two, reportedly included idlis and sambar, according to official sources.

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