Vijay Mallya Offers To Sell Assets Worth 13,900 Crores To Repay Loans

Fugitive tycoon Vijay Mallya said in a statement today that he had sought approvals from a court in Karnataka to sell assets worth Rs. 13,900 crore to repay creditors including banks. He also released a two-year-old letter to Prime Minister Narendra Modi and said he was "making every effort" to settle his dues but he had been made the "Poster Boy" of bank default and a lightning rod for public anger.

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