The head of the extinct company Kingfisher Airlines, Vijay Mallya, who is facing a court for alleged fraud and laundering dirty money £9,000 crore, sat on a sincere four -hour conversation with Podcaster Raj Shamani. The episode was published on Thursday, which appeared that Malalya was opening up about the fall of Kingfisher Airlines, attributed its collapse mostly by the global financial crisis in 2008.
When he talked about the period, Mallya said, “So she agreed that it worked in your favor until 2008. What happened? Simple. Have you ever heard of Lehman’s brothers? Have you ever heard of a global financial crisis, did it?
He developed that the crisis had an extensive impact across all sectors, not just the air force, and said, “Each sector was hit. The money stopped. They were dry. The value of Indian rupees also hit.”
Read | Vijay Malllya on unpaid salaries of Kingfisher employees: “There was money, banks protested”
Malllya told his efforts to save Kingfisher and shared that he turned to the then Minister of Finance Pranab Mukherjee. “I went to Shri Pranab Mukherjee … And he said I had a problem. Kingfisher Airlines must reduce, reduce the number of aircraft and release employees because I can’t afford to work in these depressive economic circumstances,” he said.
“I was told not to give up. You will continue, banks will support you. That’s what it started. King Fisher Airlines was forced to suspend all his flights. King Fisher Airlines is struggling.
Read | “They just lock you, throw away the key: Vijay Malllya says he’s willing to return to India if …
Where is “chori”?
Vijay Malllya, speaking on a podcast, said it was “fair” to call him a “refugee” for not returning to India after March 2016. However, he asked why people call him a “disease” (a thief) and asked where “chori” (theft).
“Call me a refugee for not going to India after March (2016). I didn’t run away, I flew from India for a pre -planned visit. Enough fair, I did not return for reasons I consider valid, so if you want to tell me a refugee, go into it, but where it is” said.
The Indian government has not yet responded to Mallly’s comments in a podcast.
Vijay Malllya is accused of cheating the consortium of Indian banks of more £9,000 crore (approximately $ 1.2 billion), especially through loans granted to its now defunct airline Kingfisher. In February this year Mallya reported the High Court in Karnataka that £6,200 crore debt owed to banks has been obtained “several times above” and asked for a detailed statement of the accounts received by the amounts obtained, United Breweries Holdings Limited (UBHL, now in liquidation) and other certificates.
Malllya, who faces charges of fraud and money washing, has left India in 2016 and has lived in the UK since then.
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