Vijay Mallya, the boisterous Indian beer and spirits tycoon, now cuts a chastened figure.
His passport has been revoked, there is a warrant out for his arrest and India's foreign ministry has written to the UK government requesting his deportation.
But the one-time golden boy for Indian capitalism declares he is ready to settle hundreds of millions of pounds owed to banks after the collapse of his company, Kingfisher Airlines.
In a four-hour interview with the Financial Times in Mayfair, central London, Mr Mallya says he wants to close a painful chapter in his otherwise spectacular business career.
"We have always been in dialogue with banks saying: 'We wish to settle'. But we wish to settle at a reasonable number that we can afford and banks can justify on the basis of settlements done before."
But he adds: "By taking my passport or arresting me, they are not getting any money."
As the Indian government considers whether to try to extradite him, Mr Mallya says he has no plans to leave the UK, where he says he is in "forced exile".
Chain-smoking cigarillos and sipping English tea, the pony-tailed multimillionaire confirms he has offered, in a submission to India's Supreme Court, to repay 440 million pounds ($644.12 million) on outstanding principal of 512 million pounds borrowed from state banks.