Mallya rubbishes ‘absconder’ claims

Force India team boss Vijay Mallya has rubbished claims that he has fled India owing $1bn in debt relating to his failed Kingfisher airline.

Reports emerged earlier this week claiming that the Indian businessman had fled his home country and was hold up in a mansion in Britain.

This came as India's finance minister Arun Jaitley vowed to reclaim the $1bn owing from Mallya's collapsed airline.

"The banks are taking all steps to recover every penny lent to him and they will recover it," Jaitley said.

"Before his passport could be seized, he had left the country."

The Kingfisher baron has however denied that he fleeing the country.

In a series of tweets, Mallya insisted he had not absconded and would comply with Indian laws.

He wrote: "I am an international businessman. I travel to and from India frequently. I did not flee from India and neither am I an absconder. Rubbish.

"As an Indian MP I fully respect and will comply with the law of the land. Our judicial system is sound and respected. But no trial by media.

"Let media bosses not forget help, favours,accommodation that I have provided over several years which are documented. Now lies to gain TRP?

"News reports that I must declare my assets. Does that mean that Banks did not know my assets or look at my Parliamentary disclosures?

"Once a media witch hunt starts it escalates into a raging fire where truth and facts are burnt to ashes."

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