The then civil aviation minister praful patel is a beedi businessman, vijay mallya who sold beer wanted to fly planes, then finance minister pranab mukherjee did not take responsibility or act. Worst of all, bankers were spineless - people responsible for the safekeeping of our money, ate away at the assets like rats.
There were bureaucrats in the Government who looked away scratching their goolies and picking their noses and media champions who knew what India wants didn't want to risk their skin.
The innocent employees looked up to these people for their redemption ! That is the reason why Manmohan Singh's government, Sonia and and even Rahul Gandhi attracted the ire of the people. They should have declared elections instead of managing with crooked coalition partners, who took almost sadistic delight in showing Dr Singh incompetent.
The whole lot - ministers, bureaucrats and bankers, must be sent to jail along with Vijay Mallya. That will be true justice, not catching slogan-shouting kids in universities !
The enforcement directorate notices, tax claims, court warrants, etc are as effective as letting a chained doberman or an alsatian barking at the thieves, not trying to catch them
Re: Bankers and politicians equally culpable
by WILSON CHANDRAN on Mar 15, 2016 02:19 PM
It shows your agony and you are not the only one person while there are so many in India like you. Just blaming some body in power is not going to solve the problem. No body has any fear over the legal system. Unless the legal system is changed it would continue. The mighty who are power that be, bureaucrats, politicians, the rich, the muscle are powerful. People like us can only lament/share within/among ourselves.
Re: Re: Bankers and politicians equally culpable
by Bharat Kumar on Mar 15, 2016 04:07 PM
The legal system is good enough to catch the crooks, but not good enough to rescue the innocents who are set up or get framed.
People have flooded the legal system so that it has become ineffective. Media and legal system are easy excuses for those who have slept or deliberately looked away while at the wheel !
The Sahara case is an example where despite the politicians and bureaucrats and probably their sympathizers, which I suspect include those like you, the guy has been put away in the jail. The cookie always crumbles, just a question of when.
Re: Re: Re: Bankers and politicians equally culpable
by Defender on Mar 15, 2016 06:47 PM
Enron, Worldcom scams shook US and immediately they came up with Sarbanes Act. You don't see such Scams again. Here in India it was Satyam, Sahara, now Kingfisher Airlines and many more will happen, still our folks won't wake up or frame a law to prevent such happenings in near future.
Re: Re: Re: Re: Bankers and politicians equally culpable
by Defender on Mar 15, 2016 06:48 PM
This is the difference between Developed Countries and our Country....
All these employess who joined KFA were offered double the salary they earned earlier.when such offers are being made one sud think how will it be possible.These employees initially enjoyed for a year,earned lots of money but never complained.Every one knew that Mallay had hired planes & it was totally run the loan money.So there cud have been only two outcomes of suvh a venture..either total success or total failure..In this case case it was total failure..these employess were blinded by the offer made by KFA,its their fault that they became greedy..dont blame mallya
Re: why blame Mallya??
by S M on Mar 15, 2016 01:31 PM
Wont you join a company if they pay you well? will you refuse to take the salary they offer you?
Re: Re: why blame Mallya??
by Devadatta Bhaumik on Mar 15, 2016 10:14 PM
Yes, of course. But when he takes that decision, he will also be ready for likely situations like this. Certain things are too good to be true,and people take chances with those things knowing fully well that the prospepts may go sour, and hence ill be ready for such possibility.
People are not understanding the meaning of the implications of that Moron Mallya running away
In other countries too Businesses default. But there are bankruptcy laws wherein the government comes in and pays the pending salary of the employer.
In this case, Mr Mallya never declared bankruptcy. He has no business instincts. Even though his airline was finished in the first year he kept taking loans and employing more and more people .
Finally he ran away
This is what is wrong. Non-Payment of Salary is WRONG. No question about it.
Mr Mallya thinks that Businesses can be run in the same way as you can probably get women which is incorrect
Re: fact.
by Devadatta Bhaumik on Mar 15, 2016 10:17 PM
Fiction. No government pays 'pending salary of the employer' in case of bankruptcy. Bakruptcy courts/ receivers only liquidate and distribute the assets, wherein employees get priority in distribution. That is the case in India as well.
his intentions were to make KingFisher a mighty and best Airline. His model failed and there are many reasons for it. one being the over spending. Mr Ballal too must have got a high salary than what he was getting with Hotel Corporation o India, an Air India subsidiary. infact they were all over paid
you are cribbibg too much. you say he ruined your life. how come? did he told you to also spend like him and that too beyond your means. you want your children to study in the USA which itself is a expensive destination for studies. and then you also complain that your child had to do part time job, which almost all Indians do in the USA. lastly you also complain naming the then Aviation minister, that he instructed oher airlines to accomodate Kingfisher Pilots. so what was wrong with that? what were you expecting, that he should have asked who's children are coming from the USA
Re: Mallya
by Raman Krishnaswamy on Mar 15, 2016 01:54 PM
Mr.Demello, you should have been named Saddist instead of Sedrick. you are really one.What a comment to make to a person who is in deep trouble ?
you are cribbibg too much. you say he ruined your life. how come? did he told you to also spend like him and that too beyond your means. you want your children to study in the USA which itself is a expensive destination for studies. and then you also complain that your child had to do part time job, which almost all Indians do in the USA. lastly you also complain naming the then Aviation minister, that he instructed oher airlines to accomodate Kingfisher Pilots. so what was wrong with that? what were you expecting, that he should have asked who's children are coming from the USA
Re: Re: Mallya
by Harit Shah on Mar 15, 2016 01:23 PM
the issue is NOT whether he sent his daughter to the US! The issue here is non-payment of salaries!! He has not paid employees for 2-3 years! Is that not a crime according to you, you m*ron!!!!
Re: Re: Re: Mallya
by Devadatta Bhaumik on Mar 15, 2016 10:20 PM
Sad to say, this person has also some attitude problem. Every student earns their living fully or partly by working ( it doesn't matter it is a supermarket or NASA), but he thinks it is a disgrace that his daughter had to do it (work is a supermarket, how demeaning!).
I would like to ask Mr Balal that when he saw that salaries were getting delayed and Kingfisher was getting sick,what made him continue in the airline .Did he belive that a sick employer can pay his dues? At this young age and with his experience ,he could have easily got another job.What made him continue in Kingfisher as a parasite and now blaming Mallya for everything.For his present condition,he is equally to blame.He must realise that.
Re: Lack of direction
by Harit Shah on Mar 15, 2016 01:25 PM
Urvashi, he stayed on due to the false assurances given by the rogue Mallya that they will revive and get investors! He trusted that rogue and sadly for him, the trust was shattered! Its easy for you to comment who has never worked with such a failed company which has not even paid employees salaries for years on end! M*ron!
Re: Re: Lack of direction
by Urvashi Seth on Mar 15, 2016 02:41 PM
Harit,I agree with your views on assurances by Mallya.But,it is very clear that getting such good salary,he did not make any attempt to find another job knowing fully well that this company is sinking.This is the case with any sick private company.Only in sick Govt cos,Govt at least pays the salaries even if company is sick.
