Vijay Mallya Breaks Silence: Fugitive Not Thief, Speaks on Kingfisher Collapse

 

“Call Me Fugitive, Not Thief” – Vijay Mallya Breaks 9-Year Silence in Candid Podcast

In a four-hour sit-down with YouTuber Raj Shamani, Vijay Mallya — once dubbed the “King of Good Times” — finally addressed the controversies surrounding his empire’s collapse. For the first time in nine years, the embattled tycoon spoke candidly about his downfall, loan defaults, his decision to stay abroad, and even toasted the success of Royal Challengers Bangalore (RCB).

1. The Real Story Behind Kingfisher’s Downfall

• Mallya blamed the 2008 global recession and rupee devaluation for the airline’s failure.
• He met then-Finance Minister Pranab Mukherjee to seek downsizing support — the request was denied.
• Despite assurances, Kingfisher grounded operations shortly after.

2. On His Fleeing India & the ‘Fugitive’ Label

Mallya insists he left India on a pre-planned trip in 2016 and never fled.

"Call me a fugitive, but not a thief," he stated, firmly rejecting theft allegations and demanding a fair trial before any return.

3. The Legal & Public Backlash

Accused of defaulting over ₹9,000 crore, Mallya maintains that ₹6,200 crore is the correct figure with several recoveries already made.

Reactions vary — some see him as a misunderstood businessman, others remain critical and unforgiving.

4. Reflections on IPL & Kingfisher Calendar Legacy

• He initially aimed to buy Mumbai Indians but ended up with RCB.
• Credits Kingfisher Calendar for launching Deepika Padukone and Katrina Kaif’s careers.

5. Will He Return to India?

Mallya might consider returning only if he receives assurances of a fair trial and humane treatment. He highlighted India's prison conditions as a barrier.

Conclusion

Aspect	Mallya’s Stand
Kingfisher Collapse	Blamed global crisis and lack of support
India Exit	Not a fugitive—left on pre-planned visit
Theft Allegations	Firmly rejected
Return Conditions	Fair trial and better prison conditions