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Showing posts with the label Scamesters

The Poster Boy of Bad Loans

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The  king of good times who fled to UK  after his Kingfisher Airlines fiasco has been finally arrested by the UK police Though the reason for arrest is not very clear, it could be for all you know  a beginning  of  the extradition process for deporting  Vijay Mallya Vijay Mallya who fled to London around last year in search of  Achhe-Din may finally be back. Since the time he  defaulted on  bank loans amounting to over 9000 crores and fled to UK the battle between this flamboyant businessman and the PSU banks  has become a classic example of idiom: Closing the stable door after the horse has bolted. Reviewing the huge quantum of Indian Banks Non Performing Assets (NPA) the Ex Reserve Bank Governor Raghuram Rajan had suggested during his tenure that the Govt should  go after corrupt Bank management as well as corrupt Promoters. However his suggestion was never put on fast track instead he lost his second term for RBI governorship. SBI  started cleaning up their balance she

Cheer up..go for beer up....

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Her butt is on fire. She can't take off. Her wings are clipped .She is  grounded .She is off  her strip. Her charms can no more woo the customers .This birdee is bidding time, hanging around the hangers. This is the plight of this Kingfisher ....The man who owns  her is a  taste bud for all the finest  thing in life. He is one of the famed 'bird watching' enthusiast of  par excellence. He knows she is the most colorful of  the Boeing...Boeing tribe... At 27 inheriting an empire of corporate wealth from his father Vittal Mallya.....he remained on the fast track, that earned him not only a playboy reputation but also got him a tycoon tag. He owns 2 corporate jets,one personalized Boeing 727 ,a collection of Vintage cars, 2 Yachts, and scores of homes and mansions around the world. His personal fortune is around $1.5 billion. His flagship company UB...brews the finest Beer.....that keeps all of us chirpy and cheerful all through the summer weekends. He is a corporate c