Take my money, save Jet: Vijay Mallya tells banks

TIL Desk/Business/Mumbai/ Embattled liquor baron Vijay Mallya on Tuesday lashed out at public sector banks for “double standards” under the current National Democratic Alliance regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines “fail ruthlessly”.             

In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said,”…Only wish the same was done for Kingfisher”. “Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise,” he said. 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, lamented that his efforts to save Kingfisher Airlines was “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. He also lashed out at the BJP for differential treatment meted out to  Kingfisher and Jet Airways. “BJP spokesman eloquently read out my letters to PM Manmohan Singh and alleged that PSU Banks under the UPA Government had wrongly supported Kingfisher Airlines,” Mallya said.