May 03, 2024 08:47 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Daughters of the country lost': Sakshee Malikkh after BJP field Brij Bhushan's son in LS polls | Police arrest hundreds of pro-Palestinian demonstrators at ULCA as protests disrupt colleges across US | Kolkata Raj Bhavan female staff alleges molestation by Governor CV Ananda Bose, files FIR | Kate Middleton shares birthday photograph of her daughter Princess Charlotte | LS polls: Suspense continues over Amethi, Raebareli candidates as Congress remains indecisive
Manmohan Singh helped Vijay Mallya get bank loans : BJP

Manmohan Singh helped Vijay Mallya get bank loans : BJP

India Blooms News Service | | 30 Jan 2017, 02:54 pm
New Delhi, Jan 30 (IBNS) : The BJP on Monday alleged that former Prime Minister Manmohan Singh helped business tycoon Vijay Mallya get loans, NDTV reported.

Citing letters that have been reported in the media, BJP spokesperson Sambit Patra asked : "From where did Vijay Mallya procure such funds? Was sinking ship (Congress) helping sinking airline (Kingfisher) ?"

One of the reports said the the UPA  Government had  facilitated loans to  Mallya after his request to Manmohan Singh and former Finance Minister P Chidambaram in 2011 and 2013.

The letters allegedly requested that loans to  Mallya's defunct Kingfisher Airlines from a consortium of banks be expedited.

Patra alleged that  even though the loans were not repaid, Mr Mallya was granted loans again and again.

Mallya moved to Britain in March last year as the controversy over non-repayment of loans broke out and  a group of banks began efforts to recover nearly 9,000 crores given out as loans to Kingfisher airlines.

Mallya faces warrants in India and investigating agencies are trying to bring him back home.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.