Rejecting allegations that he is an 'absconder' in the wake of his statement to spend more time in England after signing a 'sweetheart' deal with Diageo, the liquor baron said he will continue to cooperate with investigative agencies related to the loans provided by banks to long-defunct Kingfisher Airlines.
Mallya, who has agreed to step down as Chairman of United Spirits Ltd in return for USD 75 million to be paid by Diageo, also insisted that he is not a 'borrower or a judgement defaulter' and he has challenged the 'willful defaulter' tag by some banks, which he alleged didn't go after borrowers who 'owe much more than the amount allegedly owed by Kingfisher Airlines'.
He also alleged that SBI, which has dragged him to Debt Recovery Tribunal (DRT) seeking his arrest and seizure of his passport to claim his Rs 515 crore sweetheart deal to exit United Spirits, was well aware of the financial stress of Kingfisher Airlines for a long time and the same was reported by the state-run lender to RBI way back in January 2012, months before the once-luxurious air carrier was grounded in October that year.

Mallya, who was widely known as 'King of Good Times' and his lavish parties before his businesses started plunging into one after another crisis resulting in sale or closure of various companies, also said that while banks would eventually recover a 'substantial part of their debt', the loss for his group is permanent.

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