I did not borrow a single rupee, it was Kingfisher Airlines: Mallya
Fugitive businessman Vijay Mallya on Friday said that he didn't borrow a single rupee and that the borrower was Kingfisher Airlines. "With respect where have I defrauded Banks?...Money was lost due to a genuine and sad business failure. Being held as guarantor is not fraud," he tweeted. Mallya earlier said he had offered to repay 100% of the principal amount.n