I met the finance minister before I left, repeated my offer to settle with banks: Vijay Mallya

Vijay Mallya has been on a self-imposed exile in the UK since he left India on March 2, 2016. Photograph:( Zee News Network )

WION Web Team London, UK Sep 12, 2018, 06.40 PM (IST)

Ex-liquor baron  Vijay Mallya said he had "met the finance minister" before leaving for the UK and had repeated his offer to settle with Indian banks.

Also Read: IDBI bank officials were aware of Kingfisher's losses: Vijay Mallya's lawyer in UK court

Speaking to reporters outside London's Westminster Magistrates' Court, Mallya said: "I met the finance minister before I left, repeated my offer to settle with the banks."

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He later clarified his statements and said he happened to meet Jaitley in Parliament and did not have any formal meeting with him.

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Earlier, the lawyer told the Westminster Magistrates' Court in London that there was no evidence that Mallya or Kingfisher had applied for bank loans with "bad intent".

The lawyer told the court that IDBI bank officials were well aware of losses at Kingfisher. 

"E-mail from IDBI officials show that government accusation that Vijay Mallya hid losses is baseless," the lawyer told the UK court.  When reporters asked the ex-Kingfisher boss if he had the means to pay what he said he would, Mallya replied: "Obviously, that is why a settlement offer has been made. The hearing is on 18th September."

The CBI had submitted detailed documents to the UK court, which included case of conspiracy against former IDBI Bank deputy managing Director BK Batra. Batra had reportedly helped Mallya to sanction some of the loans to the now-defunct Kingfisher without following due diligence procedures.

The Westminster Magistrate's Court which is hearing the final set of arguments in Vijay Mallya's extradition case had asked the Indian government to submit videos of the barack in Arthur Road Jail where it intends to imprison the former liquor baron. The video was submitted by the Indian prosecutor lawyer on behalf of the CBI today.

The UK court had earlier granted permission to its enforcement officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London seeking to recover funds owed to 13 Indian banks by Vijay Mallya in the 
Rs 9,000 crore money laundering case.

The 13 Indian banks included State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd.