HomeNewsIndia'Chor Kabhi apna personal gurantee deta hai kya?': Vijay Mallya on getting loan for Kingfisher, being labelled as a thief

'Chor Kabhi apna personal gurantee deta hai kya?': Vijay Mallya on getting loan for Kingfisher, being labelled as a thief

Mallya said that he was offered a loan by the banks because they believed in the vision of the company and that they did their own thorough checks before giving him a loan.

June 05, 2025 / 22:48 IST
Story continues below Advertisement
Vijay Mallya
Vijay Mallya

Vijay Mallya, who has been in the hot seat with money laundering and fraud charges in India, for the past nine years, has spoken up about his downfall and what went wrong at the time with Kingfisher Airlines.

While speaking to podcaster Raj Shamani, when asked about getting a loan for Kingfisher Airlines from a consortium of banks when the company was crashing, Mallya said that he was offered a loan by the banks because they believed in the vision of the company and that they did their own thorough checks before giving him a loan.

Story continues below Advertisement

"I kept everything on line for Kingfisher but that's not appreciated, that is sad but let the narrative be what it is," he said. He further added, "Please never forget, I have given my personal guarantee and United Breweries Holdings Limited gave its personal guarantee (while getting the loan)."

"If anybody has bad intentions...if anybody had intentions to divert money, would anyone put themselves on the line with a personal guarantee?" he asked in the episode of the podcast.