Alleged to have defaulted bank loans in thousands of crores, Mr Vijay Mallya, the liquor baron from India had left for the UK last year, sensing trouble in air. He is also wanted in case of money-laundering. Vijay Mallya’s Kingfisher Airlines flopped badly and now he owes banks approximately Rs.9000 crores.
He was voluntarily arrested by the Scotland Yard today and within 3 hours he got bail so people thinking that he would be extradited are living in fool’s heaven. He is powerful enough to dodge such extradition attempts and surely has done all his homework before leaving homeland as to how he would be legally protecting himself once he leaves India.
Its a failure on the part of Indian govt(s) and sends a very wrong message to society if people run away with bank’s money and freely lead a happening life in some other country. Well, as of now, the king of good times is having good time in the UK and there is no coming back home, anytime soon.
With Kingfisher staff going on a strike ,asking for their pending salaries,the image of ‘The King Of Good Times – Vijay Mallya’ has been surely tarnished in the minds of people taking him as an inspiration of lifestyle.
Kingfisher Airlines had 19 flights cancelled following protest strikes by pilots and engineers of the airline and today it entered its second day. No staff reported for work since yesterday to protest the non-payment of salaries.Mr Vijay Mallya, the chairman of Kingfisher Airlines declared that such strikes and cancellations of flights will not put him under pressure !
Probably he prefers flying by other airlines to make sure he does not get his work hampered due to flight cancellations ! 😉
Kingfisher Airlines with a total debt of Rs 7,000 crore (approx) and accumulated losses of about Rs 6,000 crores,has reduced dozens of flights.It is yet to pay salary of staff hired and to add on to the worries,Civil Aviation Minister, Ajit Singh, has warned Chairman Vijay Mallya to pay his dues in order to keep flying.