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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.

Jaitley, however, said he never gave Mallya an appointment after becoming a minister in 2014, but the liquor baron misused his position as an MP to accost him once in Parliament.

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.

Immediately after Jaitley's sharp rebuttal, Mallya appeared to tone down the seriousness of his comments, saying it was "not fair" to create a controversy over this issue as it was not a "formal meeting" and he only "happened to meet" the finance minister. In this case, Mallya being a Rajya Sabha member should have sought leave of absence from the House before leaving. "I have made a comprehensive settlement offer before the Karnataka High Court in India and hope the honourable judges will consider it favourably".

"I did not even receive the papers he was holding in his hand", Jaitley said.

Recalling an instance Jaitley said: "I do remember on one occasion, he misused his privileges of Member of Rajya Sabha and while I was walking from the Rajya Sabha to my room and (he) suggested that he was going to make some offer of settlement". Subramanium Swamy took to Twitter and said, "We have now two undeniable facts on the Mallya escape issue: 1". On Wednesday, Mallya claimed that he had spoken to Jaitley and offered to reach a settlement with the banks, to which he owed an estimated sum of Rs 9,400 crore. While the tribunal was hearing the matter, Mallya left the country on March 2. The remarks also come on the back of charges by the Opposition that the government lax attitude had allowed "defaulters" such as Mallya to flee the country.

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Earlier, talking to reporters Mallya said the media should question the banks why they are not supporting him in his efforts to repay. "Both political parties don't like me", he said. "That is the truth", he told reporters outside a Westminster Magistrate court where he is fighting an extradition case filed by Indian authorities.

"I put nearly Rs 15,000 crore offer on the table of the Karnataka High Court".

"I am a scapegoat".

He claimed that Rahul Gandhi was on the backfoot in the case of Kingfisher Airlines and its promoter Vijay Mallya as well as the entire Gandhi family travelled on the airline and their travel was upgraded to business class for free.

In an 8-minute long video accessed exclusively by News18, pictures of barrack number 12 of Arthur Road jail in Mumbai were leaked. Clearly, Mallya was a flight risk and this decision had put Rs 9,400 crore of mostly public money at risk.