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Wednesday, March 16, 2016

Mar 16, 2016 - Vijay Mallya's overseas assets come under ED, CBI scanner

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
One can evaluate the Kingfisher mess through two lenses - a business lens and a human lens. In the case of Vijay Mallya, it is extremely difficult to separate the two, because his personality and the Kingfisher brand have been intertwined for so long. He used the media attention to his business's advantage when times were good. Unfortunately, for him now, this means a trial by media, when things are down. The business issue is one of loan default and companies ranging from SBI to GMR are now filing cases against Kingfisher. The law should take its own course here. The fact that there are bigger defaulters who have not been brought to justice does not hold ground as an excuse to go easy on Kingfisher. Through a human (and moral) lens, throwing a birthday bash with 600 guests, when your employees have not been paid a salary for more than a year is something that is very tough to reconcile. The Indian business fraternity seems divided on their reaction to this situation. - Comment

Vijay Mallya’s overseas assets come under ED, CBI scanner

Investigators are examining whether any of the loans extended by the banks to Kingfisher Airlines were diverted into building of overseas assets





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Why is the ProtonMail secure email service suddenly in the news?

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