Overview

• Mallya issued a rare apology to former employees, expressing regret for unpaid salaries and accepting full responsibility for Kingfisher’s downfall.
• He attributed the airline’s collapse to the 2008 global financial crisis and recounted that then-finance minister Pranab Mukherjee advised him against downsizing operations.
• Mallya denied allegations of theft, challenged his “chor” label and said banks have recovered multiple times over the ₹6,200 crore debt.
• He said he would only return to India if courts guarantee a dignified existence with a fair trial.
• He continues to fight UK extradition proceedings over alleged loan defaults and financial fraud linked to Kingfisher Airlines.