It is said that Vijay Mallya siphoned money out of King Fisher’s coffers to shell companies and King Fisher run into a debt of 6000 crore rupees. King Fisher provided cheap flights to people and finally failed and Mallya is now branded as the great cheater.
Let us look now at Air India, getting all monitory assistance and undue support from the government, all government officials have to travel only through Air India paying 2-3 times of the fare for tickets than those available with other airlines. And the result is Air India is under 52000 crore debt.
Now decide, who is the bigger player, who is the bigger cheater? Nobody asked the CEOs of Air India where all the money got lost, where the money got siphoned.
My great India and Indian Economists and Planners!
Caution: I am neither economist, nor a planner, nor CEO, nor supporter of Mallya nor any critic, but a simple Indian who sometimes try to think.
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