Before attending the Westminster Magistrates" Court, the former Kingfisher Boss was inundated with many journalist questions and to one of their asks, he said "I left because I had a scheduled meeting in Geneva.
In fact, as early as June this year, BJP's Rajya Sabha MP, Subramanian Swamy had hinted about Mallya's meeting with an unnamed but powerful person in the Narendra Modi government before he left India.
At a press conference minutes later, Rahul Gandhi said one of its leaders had witnessed Arun Jaitley and Vijay Mallya having a discussion in parliament just two days before the fugitive tycoon's flight to the UK.
The ruling on whether Indian tycoon Vijay Mallya can be extradited from Britain to India to face fraud charges will be given on December 10, a London judge said on Wednesday, after she heard closing submissions in the case.
Jaitley, however, took to Facebook to dismiss Mallya's claims as being "factually false". 'So, the question of his having met me does not arise, ' he clarified. In this case, Mallya being a Rajya Sabha member should have sought leave of absence from the House before leaving.
"He paced up to catch up with me and while walking uttered a sentence that "I am making an offer of settlement".
As he headed inside the court, Mallya told reporters that he had offered a "comprehensive" settlement. "I did not even receive the papers that he was holding in his hand". "The banks had filed objections to my settlement letters", he had said.
Mallya said he met Jaitley "often enough in the Parliament, in the House, in the Central Hall".More news: Tesla cuts number of stock colours to streamline production
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In 2016, Arun Jaitley had said that there is a legal process to stop somebody from going overseas.
He also asserted that nobody tipped him off to run. "Everybody gets paid off and I guess that's the primary objective", he said.
After Mallya left the country, the State Bank of India approached both the Karnataka High Court as well as the Supreme Court about recovering their loans - neither of which had any power over Mallya, since he was now in England.
"I am certainly a scapegoat, I feel like 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".
The extradition trial, which opened at the London court on 4 December previous year, is aimed at laying out a prima facie case of fraud against Mallya.
Montgomery said the evidence she and the Indian government had provided showed Kingfisher (KFA) had been clear about what the loans were for - to secure the airline's viable future - and that it had been open about its losses.
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.