"I met the Finance Minister before I left", Mallya claimed outside Westminster Magistrates' Court where his extradition case is being heard. Afterwards, Mallya clarified he didn't have any formal meeting with Jaitley but had happened to meet Mr. Jaitley in Parliament, telling him about his departure to London. "Besides this one sentence exchange where he misused his privilege as a Rajya Sabha Member, in order to further his commercial interest as a bank debtor, there is no question of my having ever given him an appointment to meet me", the Finance Minister said.
Mallya had told reporters outside a court in London, where he is fighting extradition to India, that he had met Jaitley to settle matters.
"The statement is factually false inasmuch as it does not reflect truth", he said in a Facebook post.
Jaitley said Mallya "misused" the privilege of being a Rajya Sabha MP to catch him in corridors of Parliament..
He said Mallya, while walking alongside, "uttered a sentence that "I am making an offer of settlement".
"My attention has been drawn to a statement made to the media by Vijay Mallya on having met me with an offer of settlement".
Terming Mallya's offer to settle overdue loans of more than Rs 9,000 crore to his now-defunct Kingfisher Airlines as "bluff offers", Jaitley said he did not even take the papers the liquor baron was carrying during that brief encounter.
"The government of India case that there was some secret pocket of knowledge about losses within Kingfisher Airlines (KFA) which were not revealed to the banks is utterly unfounded", said Montgomery.
Mallya, while heading inside the court in connection with his extradition case, said that he is ready for a comprehensive settlement.
"PM Modi meets Neerav Modi before he flees the country".
He did not do either of these and chose to recall the event only after Mallya's revelation appeared to have left him embarrassed.
Mallya first spoke about meeting Jaitley during the lunch break when he stepped out for a smoke. "Everybody gets paid off and I guess that's the primary objective", he said. SBI along with other lenders also approached the Karnataka High Court appealing for Mallya's arrest and impoundment of his passport.
Vijay Mallya arrives at Westminster Magistrates Court in London, Britain, September 12, 2018.
"I am a scapegoat".
He sarcastically described the video of Barrack 12 at Mumbai's Arthur Road Jail, which has been prepared for him, as "very impressive".
Mallya, 62, is fighting numerous lawsuits in the United Kingdom and back home over fraud and money-laundering allegations as well as an extradition to India.
Mallya's defence team has presented a series of expert witnesses in an attempt to prove that he had no fraudulent intentions when he took out the loans for erstwhile Kingfisher Airlines.