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UB Group's Vijay Mallya tweets he did not flee from India under debt pressure

Vijay Mallya, chairman of UB Group.
Mark Thompson | Getty Images
Vijay Mallya, chairman of UB Group.

India's self-billed "King of Good Times" hasn't had much of a good time lately.

Liquor tycoon Vijay Mallya, who is chairman of the United Breweries (UB) Group conglomerate, reportedly owes more than $1 billion to Indian banks from his failed Kingfisher Airlines business. Kingfisher shut down in 2012.

Multiple reports said Mallya was under mounting pressure to repay the banks, adding that a lawyer for the lenders told the Indian Supreme Court on Wednesday the billionaire had left India last week.

It was not an interpretation that Mallya, who is also a Member of Parliament, appreciated, and he took to Twitter on Friday to address the issue.

In a series of tweets, he said he is not "an absconder," he did not "flee from India" and that he "fully respect[s] and will comply with the law of the land."

Mallya also accused the media of conducting a "witch hunt" against him.

UB Group did not respond to CNBC's request for comment.

Reuters reported that Kingfisher Airlines owed 69.63 billion rupees ($1.03 billion) to more than a dozen banks, led by the State Bank of India. On Sunday, Mallya was reported to have said he was in talks to settle Kingfisher's debts and had no plans to run away.

At the request of the lenders, on Monday a court blocked a $75 million settlement between Mallya and British liquor company Diageo, which acquired United Spirits from the businessman in 2014, said Reuters.

Mallya stepped down as chairman of United Spirits last month.

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