Mallya cadged loans and hedged around law with help from politicians.
Circle Of Politicos
Pranab Mukherjee As FM, said to have helped Mallya get his huge debt restructuring on extremely easy terms
Ajit Singh As Civil aviation minister in UPA II, sack ed DGCA Bharat Bhushan,who asked KFA to pay up the staff.
H.D. deve gowda The JD (S) strongman, friendly with Mallya, was instrumental in getting party’s backing for him in Rajya Sabha.
SubraManian Swamy Mallya pipped him to become Janata Party working president, was sacked by Swamy from the post in 2010
Praful Patel As civil aviation minister, he helped Mallya get a juicy airport hangar slot and ground handling and services tie up with Air India
Sharad Pawar Extremely close to Mallya and is said to have helped Mallya in getting bank loans for Kingfisher. Also had links with Mallya’s wine company.
At the end of his book titled The Vijay Mallya Story, business journalist K. Giriprakash sums up the liquortoaviation baron:“He is quite a lonely individual, and according to my ‘Deep throat’, he neither has permanent enemies nor permanent friends”. That is a telling comment on the businessmanturnedpolitician who has nurtured over decades the right kind of powerful friends across capitals, continents and political dispensations. After all, Mallya’s liquor business runs largely on political patronage. the booze lobby is one of the largest and most prominent financer of elections.
This story is from the March 28, 2016 edition of Outlook.
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This story is from the March 28, 2016 edition of Outlook.
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