amiret Posted April 28, 2015 Posted April 28, 2015 This is one guy so many people want behind bars. If he deserves to go behind bars , so should the chairman and directors of SBI who converted debt to Equity in Kingfisher at over Rs.64 when the prevailing market price then was less than 34.
mishra Posted April 28, 2015 Posted April 28, 2015 Allthough its reported as if Mallaya is wrong but all these money transfers were made before Diageo bought over USL. So, why so much noise?
bulbul Posted April 28, 2015 Posted April 28, 2015 Allthough its reported as if Mallaya is wrong but all these money transfers were made before Diageo bought over USL. So' date=' why so much noise?[/quote'] That's the question many asking.But i guess Diageo as to comply with regulations in UK as well. Mallya diverting money to KF is known to Indian stock markets for a long time.
mishra Posted April 28, 2015 Posted April 28, 2015 ^ More of a attempted coup. But Mallaya will shrug them off.
bulbul Posted April 28, 2015 Posted April 28, 2015 ^ More of a attempted coup. But Mallaya will shrug them off. But he has to move on as he no longer own it anyway...he made a blunder with KF so have to pay the price.
Sachin=GOD Posted April 28, 2015 Posted April 28, 2015 But he has to move on as he no longer own it anyway...he made a blunder with KF so have to pay the price. It was not a 'blunder'. It was bad management, lack of understanding of the sector, financial irresponsibility, hubris and what he did to the staff afterwards can only be called a 'crime'.
bulbul Posted April 28, 2015 Posted April 28, 2015 It was not a 'blunder'. It was bad management' date=' lack of understanding of the sector, financial irresponsibility, hubris and what he did to the staff afterwards can only be called a 'crime'.[/quote'] Blunder means aviation sector is not highly profitable area,while his core business was running awesome.Its mistake to enter into are he had no idea.
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