congress behind the fall of staunch hindu VIJAY MALLYA to favour EITHAD AIRWAYS who gave them a big commission to enter INDIA

The fall of VIJAY MALLY benefited only foreign competitor like SABMILLER AND CONGRESS PARTY’s wish to promote a foreign Arab Airways instead of KINGFISHER AIRWAYS..

Here is an excerpt from Indian BUSINESS STANDARD  :

Not one rupee was misused’: Vijay Mallya sees no grounds for extradition

Mallya said he had become a “political football” between the two major Indian political parties

Reuters February 23, 2017 Last Updated at 09:10 IST171

Vijay Mallya

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Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving.

 

India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It said this month that it had asked Britain to extradite him.

 

Mallya, who has a base in London as well as a country home bought from the father of triple world champion Lewis Hamilton, moved to Britain last March after banks sued to recover some $1.4 billion the Indian authorities say is owed by Kingfisher.

 

He has dismissed the charges against him, saying last month that “not one rupee was misused”.

 

“The government-owned banks are trying to hold me personally responsible for the failure of India’s largest airline and to repay their debts,” Mallya told Reuters in an interview at the launch of his team’s 2017 car.

 

“I have a counter claim on them as well. That is in the judicial system right now.

 

“Recovery of loans made to a PLC is a purely civil matter. The central bureau of investigation, at the behest of the government, converted it into a criminal matter. And then charges of defrauding banks and money-laundering appeared.

 

“I will be and am severely contesting all this, legally. I firmly believe they have absolutely no case against me whatsoever.”

 

Mallya said he had become a “political football” between the two major Indian political parties as they campaigned in state elections.

 

“There is a requirement for legal and judicial determination here in the U.K., let them come with whatever evidence they have — but I doubt if they have any evidence — and then let the law take its own course,” he said.

 

Mallya attended only one of 21 races last year — the British Grand Prix at Silverstone next door to his factory — and watched the rest from a ‘control room’ installed in his country mansion.

 

He has not left the country in nearly a year, also attending meetings of the governing International Automobile Federation (FIA) by video conferencing.

 

“I am safe in this country under U.K. laws, until proven otherwise,” Mallya said.

 

“And I would rather be safe than sorry because I certainly do not want to be at the mercy of some maverick in the government of India.

 

Force India finished a best-ever fourth overall in the Formula One championship last season and Mallya said they were aiming at breaking into the top three dominated by Mercedes, Ferrari and Red Bull.

 

He rejected a suggestion by Cyril Abiteboul, the boss of the rival Renault team, that the privately-owned team could struggle in an ‘arms race’ against the major manufacturers.

 

Mallya, who has faced regular questions about his team’s funding over the years, said they had sufficient resources to compete.

 

“We have the resources to continue to develop this car right through 2017. We have budgeted for it, we have provided for it, we have planned for it,” he said.

 

“I believe it’s not the quantity of ammunition that you have, it’s the quality of ammunition that you have and it’s our quality that brought us to a fourth-place finish last year.”

 

Mallya co-owns the team with Sahara Group founder Subrata Roy, who has been on parole since May last year after spending more than two years in jail having been arrested for failing to attend a contempt of court hearing.

 

Roy has yet to be formally charged over a bond-selling scheme which was later deemed to be illegal by the market regulator, and has denied any wrongdoing.

 

CONCLUSION :

 

Here is an excerpt from a website  :

 

Previously a member of the Akhila Bharata Janata Dal, Mallya joined the Subramanian Swamy led Janata Party in 2003 and served as its National Working President till 2010.[46][47][48] He was elected to the Rajya Sabha in 2002 as an independent member from his home state of Karnataka with the support of the Congress party and Janata Dal (Secular). In 2010, he was re-elected for a second term, this time with the backing of the Bharatiya Janata Party (BJP)[49] and the JD(S).

And his fall is after this joining of the BJP.

 

Although generally characterized as having an extravagant lifestyle, Mallya was reported in 2005 to be someone who prays every day and conducts the entire 42-day Sabarimala fast every year while wearing only black clothing, and to be a devout follower of Sri Sri Ravi Shankar and the Art of Living movement.

We can clearly see who was behind the entire success of the company UB BUT HOW THIS MAN WHO PROPELLED AN INDIAN COMPANY WAS BLOCKED BY foreign COMPETIORS WHO PAID CONGRESS PARTY CHIEF TO BETRAY MALLYA…

FURTHER,  IT IS COMMON KNOWLEDGE THAT WITHOUT DEBTS , A COMPANY CAN NOT GROW SO THAT IT WILL, IN TURN, MAKE THOSE BANKERS GORW  FATTER ….AND FATTER. DEBTS ARE A PART OF THE HISTORY OF A COMPANY AND STATING AS IF ALL THE MONEY HE BORROWED IS FOR HIS OWN LIFE STYLE IS EXAGGERATED BUT TO INJECT IN HIS COMPANY SO THAT IT WILL RECAPTURE THE DECLINE IN MARKET SHARE.

The fall of VIJAY MALLY benefited only foreign competitor like SABMILLER AND CONGRESS PARTY’s wish to promote a foreign Arab Airways instead of KINGFISHER AIRWAYS..

 

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