New Delhi: Fugitive businessman Vijay Mallya, said that he offered to pay back the full amount of the principal loan he owed to multiple banks and asserted that all the allegations against him are false. Mallya took to Twitter and wrote, "Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don't I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad."

In the thread of tweets, Mallya claimed, "The Airlines struggled financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where Banks money went. I have offered to repay 100 % of the Principal amount to them. Please take it."