Many PSUs are chronic victims of contractors and are now in no position to recover. Even the bigger PSU are taking hits in 100s of Crores every year. Shri Rai should have come out on it.
Mallya has looted and exploited the entire banking system. Staffs and concerned parties were not paid for years still fighting for removing the tag of willful tag. he must be arrested in similar terms of Sahara facing Jail now. both crimes are similar cheating public and looting banks and public money
Re: Why Mallya cannot be arrested in similar way as Sahara
by FRANCIS DIAS on Sep 15, 2014 01:05 AM
For Vinod Rai to say that Kingfisher Loan Default is only a 'trickle' is that he is trying to downplay Vijay Mallya's looting of public money. Govt. Agencies should check the relationship between Rai & Mallya-what benefits Rai obtained from Mallya. Shame on Rai to think that Indians will get hogwashed by his statement. Such men should be condemned by all Indians.
Re: Why Mallya cannot be arrested in similar way as Sahara
by Harish wadhwani on Sep 15, 2014 06:47 AM
I agree!! Not paying employee salary & taxes is criminal offence & he should be jail for these frauds!!
NPA is manufactured by the banks. Totally bank accounting systems are defective and cheating borrowers by manipulating interest rates without any notice. They are like blade companies and looting industries. If any one calculate their interest system, it works out 40% when you fail to pay. They add fuel when borrower in trouble and destroy them.
His place is jail, he has raped banks, investors and govt. Joke of judiciary that on even fake molestation case, a boy is arrested, Mallya is roaming freely.
Leeches cannot live Independently. Tell BANIA to take their Caste share of land from India and go build their own nation. They're less than 1% in India.
