Fugitive businessman Vijay Mallya, who is the main accused in the Rs 9000 crore bank fraud case, has expressed his willingness to return to India and face the law.
The liquor baron, who sought refuge in England after he fled the country, is fighting a case in a London court against an extradition request sought by India.
According to PTI, Mallya has been in contact with Indian authorities and has expressed his desire to join the legal process in India to counter action against him under the Fugitive Economic Offender Ordinance.
Under this new ordinance, the government can immediately confiscate all of his properties in India and abroad. However, the full details of what transpired between Mallya and the investigating agencies have not been disclosed.
Mallya has been summoned on August 27 by a special court set up under the Prevention of Money Laundering Act on a plea filed by the Enforcement Directorate (ED) which sought action against him under Fugitive Economic Offenders Ordinance for swindling banks to the tune of Rs 9,000 crore.
The ED has also sought the confiscation of Mallya's assets worth around Rs 12,500 crore.
If he doesn't appear before the court on August 27, Mallya risks being declared a fugitive economic offender and all his properties being confiscated.
The outstanding amount, including interest, his now grounded Kingfisher Airlines and others owed to banks is Rs 9,990.07 crore.
He claims that he wrote to the Prime Minister and the Finance Minister on April 15, 2016 to explain his stand on the issue but got no reply.
The Central Bureau of Investigation and ED have filed separate criminal cases against him in the matter.
The next hearing in the extradition case against him will be taken up by the London court at the end of this month.
