New Delhi: Fugitive liquor baron and industrialist Vijay Mallya on Wednesday offered to pay back the full amount of the principal loan he owed various banks.

Mallya is being investigated for fraud and money-laundering.

In a series of tweets, Mallya said, "Airlines struggling financially partly because of high ATF prices. Kingfisher was a fab airline that faced the highest ever crude prices of $ 140/barrel. Losses mounted and that's where Banks money went. I have offered to repay 100 % of the principal amount to them. Please take it."

He said that the politicians and media, who are constantly making noise about his default, should also talk about a comprehensive settlement offer he has made before the Karnataka High Court.

“Politicians and Media are constantly talking loudly about my being a defaulter who has run away with PSU Bank money. All this is false. Why don’t I get fair treatment and the same loud noise about my comprehensive settlement offer before the Karnataka High Court. Sad,” he tweeted.

Mallya’s outstanding amount of his loans, which he took from various banks, including interest, is Rs. 9,990.07 crore.

He left the country for London on March 2, 2016 ,via Germany, where he attended a conference of World Motorsports as a director. Mallya was then one of the owners Force India, a Formula One team.