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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, 08:24 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.

Manmohan Singh helped Vijay Mallya get bank loans : BJP

India Blooms News Service
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