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“Why not Kingfisher?” Vijay Mallya criticises NDA govt for ‘double standards’ after Jet Airways bailout

By Newsd
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"Why not Kingfisher?" Vijay Mallya criticises NDA govt for 'double standards' after Jet Airways bailout

A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, fugitive liquor baron Vijay Mallya lashed out at the PSUs for their “double standards” under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines “fail ruthlessly”.

In a series of tweets posted on Tuesday March 26, Mallya said that the Bharatiya Janata Party-led National Democratic Alliance government did nothing for him even though he invested crores of rupees into his now defunct Kingfisher Airlines, a day after a consortium of lenders led by the State Bank of India took control of Jet Airways to save the airline from bankruptcy.

He further said, “The same PSU Banks let India’s finest airline with the best employees and connectivity fail ruthlessly. Double standards under NDA.”

Mallya, who is facing extradition to India from the UK, rued that his efforts to save Kingfisher Airlines were “not recognised and instead slammed in every possible way”.

“I invested over Rs 4,000 crores into Kingfisher Airlines to save the company and its employees,” he claimed.

The fugitive businessman reiterated his offer to pay off dues through his assets.

“And I repeat once again that I have placed liquid assets before the Hon’ble Karnataka High Court to pay off the PSU Banks and all other creditors. Why do the Banks not take my money. It will help them to save Jet Airways if nothing else,” he said.

Last month Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores, had filed his application in the UK High Court, seeking permission to appeal against an extradition order signed by the British Home Secretary.