Kingfisher baron Mallya rejects claims he 'absconded'

March 11, 2016 5:47 AM

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Kingfisher baron Mallya rejects claims he 'absconded'

Indian entrepreneur Vijay Mallya, who left the country as banks sought to recover more than $1 billion owed by his collapsed Kingfisher Airlines, has rejected suggestions he was an absconder and said he respected the law of the land.

Mallya, a former billionaire who built his fortune on Kingfisher Beer and a current member of parliament, left India last week. More than a dozen banks - led by the country's biggest, State Bank of India (SBI.NS) - had appealed to the country's Supreme Court asking that he be prevented from leaving.

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