Bharatiya Janata Party (BJP) on Monday alleged that the former Prime Minister Manmohan Singh helped tycoon Vijay Mallya get loans citing letters that have been reported in the media.
As per reports, the UPA government facilitated loans to Mr Mallya, who allegedly wrote to Manmohan Singh and former Finance Minister P Chidambaram in 2011 and 2013.
The letters allegedly requested that loans to Mallya’s defunct Kingfisher Airlines from a consortium of banks be speeded up.
“The first loan to Vijay Mallya was granted in 2004, then again in 2008. Despite his companies declared Non-Performing Assets (NPAs), a restructuring of his loan was done in 2010,” BJP’s Sambit Patra said in a press conference.
“From where did Vijay Mallya procure such funds? Was sinking ship (Congress) helping sinking airline (Kingfisher)” questioned Patra.
