Now, Vijay Mallya blames old govt; Says, begged for help, not loans!

January 28, 2017

New Delhi, Jan 28: Squarely putting the blame for collapse of Kingfisher Airlines (KFA) on the then government's policies and economic conditions, troubled liquor tycoon Vijay Mallya has said public funds were used to bail out state-owned Air India, but not the then "largest domestic airline".

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Defending himself in a string of tweets, Mallya said all he sought was help related to policy change and not loans, questioning "public funds given to Air India".

"KFA collapsed with oil at USD 140 per barrel and state sales tax on top rupee devaluation. No FDI engine failures. Economic depression. Need more?" he asked in a tweet.

He further said: "And KFA being the largest domestic airline was the worst hit. Government bailed out Air India, but did not bail out KFA. So much for "favours"."

Mallya said he sought policy changes that he did not get, which hurt his airlines.

He tweeted that he "begged for help" and not for loans, but policy changes -- declared goods status for fuel, flat rate of state sales tax instead of ad valorem, FDI.

Claiming that KFA is "India's largest and finest airline", he said, "It sadly failed purely due to economic and policy situations. I am humble enough to say sorry to employees and all stakeholders everyday. I really wish government helped."

Claiming that his core alcohol businesses were "severely controlled" by the government, Mallya said he "was not allowed to even downsize KFA due (to) employment and connectivity".

Reacting to accusations of public funds lost in loans to KFA, Mallya retorted, "What about public funds given to Air India? I offered a settlement."

He further said, "What diversion of funds? I invested more than (Rs) 4,500 crore into KFA."

Defending his lavish lifestyle even after sinking Rs 4,500 crore into KFA, Mallya said "if my lifestyle was lavish, it was for two decades before KFA was even born".

On the implications of the ongoing cases against him on entrepreneurship in India, the beleaguered businessman said "the existence of such criminal arms of the government and misuse for vendetta is bound to scare anyone".

Comments

Rikaz
 - 
Sunday, 29 Jan 2017

Mallya is a good man, should be given a benefit of doubt....he lost money because of business....fuel charges etc....he did not eat money from it....he was rich before he took up airlines business as he said...that is true...

Bhageeratha Bhaira
 - 
Saturday, 28 Jan 2017

Similarities between Malya and BJP: Both looted people of India. Both fooled people of India. Both blamed previous govt for their sins.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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coastaldigest.com news network
December 20,2025

Mangaluru, Dec 20: City Police Commissioner Sudheer Kumar Reddy has issued a high-alert warning to vehicle owners regarding a surge in cyber fraud targeting those looking to pay traffic violation fines. Fraudsters are reportedly exploiting recent government discount schemes on traffic penalties to deceive citizens.

The Scam: How Fraudsters Strike

Criminals are using SMS, WhatsApp, and social media to circulate suspicious links and APK files (Android application packages). They claim these apps allow users to pay e-challans at a discount.

•    Device Hacking: Downloading these unauthorized apps gives hackers full access to the victim's smartphone.

•    Financial Theft: Once the phone is compromised, fraudsters intercept OTPs and personal data to drain bank accounts.

•    Phishing Sites: Fake websites mimicking official portals are also being used to harvest banking credentials.

Already, two residents within Mangaluru city limits have reported significant financial losses after falling victim to these fraudulent apps.

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