'Vijay Mallya has completely ruined our lives'

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hi

i heard that he spend a lot of money for KFA calendars with celebrity gals...when KFA was doing well....he was in top...

 

[V.Balasubramani]

Check out hilarious memes on the ‘loan-ly’ king of good times, Vijay Mallya

He's the current favourite of meme-makers

Excerpt:

See more at: http://www.thenewsminute.com/articl...times-vijay-mallya-40276#sthash.x8ymmDlC.dpuf

 

[V.Balasubramani]

Enforcement Directorate gives Vijay Mallya time till April 2 to appear for questioning.

Source: http://www.oneindia.com/india/jnu-b...a-pakistan-news-updates-march-18-2044954.html

 

[Jaykay767]

Another addition to the long list of North vs South Vendetta !!!

Out of 2 lakh crores, why only single out Mallya ?. what about all the others who have taken far more money - why not target the Ruias who have looted 16,000 Crs ?? Not even a mention on the news.. forget about taking action against all of them...

And see how the media, govt agencies, north politicians have ganged up against him & going after him like mad dogs !!

so what is his fault ? He took loans to run a Business that unfortunately failed?. Business loss = no money, means no payout to IT, PF, debt repay, salary etc...

He has not cheated the banks, they loaned him money against KF brand, Business plans, etc.. And the company's act is put in place precisely to separate the company profits & losses from the entrepreneur & protect him from losing his personal assets. But look at the vendetta, they want his personal money, property

with such nonsense, all this make in india, startup india has already dis-appeared.

why will any enterpreneur start business in India, if there is no protection to his personal assets???

so much for development agenda - might as well change it to - vendetta agenda...

 

[V.Balasubramani]

Vijay Mallya failed to repay loans obtained from various P.S Banks,
he did not pay salaries to the staff of KFA,
he did not deposit PF and
he did not pay income tax and has now left the country.

It is reported that Mallya still have a good fortune and
still holds shares and properties, both movable and immovable /Estate worth several thousand crores

Let him continue the ‘King of good times’ by paying the dues and settle the taxes and loans together with interest, etc

Will he.....??

But one should not forget the fate of Subrata Roy of Air Sahara who is still in jail

And I don't think he belongs to South India.

The adage is 'உப்பு தின்னவன் தண்ணி குடிக்கணும்'

 

[V.Balasubramani]

Supreme Court rapped Mallya for ‘sheer abuse of law’

[h=2]Apex court also slapped Rs 10 lakh fine for repeatedly evading ED summons in 2015[/h]Businessman Vijay Mallya, under investigation for suspected money-laundering in the Rs. 900 crore IDBI Bank loan case, was indicted last July by the Supreme Court for alleged non-compliance of the Enforcement Directorate summons under the now-repealed Foreign Exchange Regulation Act .

Awarding exemplary costs of Rs. 10 lakh to be paid to the Supreme Court Legal Service Authority, the two-judge Bench dismissed Mr. Mallya’s appeal on July 13, 2015, observing: “The entire approach of the appellant is a sheer abuse of the process of law.”

Read more at: http://www.thehindu.com/news/nation...lya-for-sheer-abuse-of-law/article8377956.ece

 

[V.Balasubramani]

Perhaps may be good news to the 3000 and odd employees who waiting to receive their salaries for long.

Vijay Mallya looking for debt repayment offer, likely to pay dues of Kingfisher Airlines employees

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst