Banks cannot recover anythingh from Mallu...

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GpeL
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Banks cannot recover anythingh from Mallu...

Postby GpeL » Mon May 25, 2015 8:08 am

http://www.firstpost.com/business/kingf ... 60834.html

Bankers to Vijay Mallya’s grounded Kingfisher Airlines have nearly conceded unconditional surrender in their attempts to recover money from the airline. Mallya, once the King of Good Times, has thus made a clutch of 17 banks, lead by State Bank of India (SBI), the ‘subjects of bad times’. Kingfisher owes about Rs 7,000 crore to banks.

The chairman of United Bank of India, one of the lenders in the consortium, said last week that he had no hope left to recover any significant money from Mallya.

“Now, nothing is happening on the Kingfisher account and we are not getting any amount. We may ultimately get a few more crores by selling that building (Kingfisher House in Mumbai) and other collaterals," UBI managing director and CEO P Srinivas was quoted in reports as saying.

GpeL
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Re: Banks cannot recover anythingh from Mallu...

Postby GpeL » Mon May 25, 2015 8:09 am

And he has his own Personal Cricket Team and Personal brewery..

LOL.. hail mogambo.