Economy

Watch: Republic TV Exposes 10 Unreported Vijay Mallya Scams

Written By Natasha Patidar | Mumbai | Published:

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  • On day 3 of Vijay Mallya’s extradition hearing in London, Republic TV accesses sensational SFIO report that strengthens India's case even further.
  • The SFIO report opens up the complete Mallya files of the 10 scams that went unreported.

On day 3 of Vijay Mallya’s extradition hearing in London, Republic TV accesses sensational SFIO report that strengthens India's case even further. The SFIO report opens up the complete Mallya files of the 10 scams that went unreported.

In this 10 part expose - we break down every scam Mallya pulled while riding an airline to the ground - in these Secret Govt papers are documented the crimes of Vijay Mallya - from corporate fraud to spying - from round tripping of public money to tickets for favours.

#SCAM 1: AIRLINE CORPORATE ESPIONAGE

  • Page 95 of the secret report - titled Corporate Espionage - Vijay Mallya directly obtained information on passenger data - market share directly from DGCA officials.
  • Mallya instructed his advisors to analyse the data bases of Indigo and Spicejet for competitive advantage and wanted to capitalise on data theft from Govt agency DGCA

#SCAM 2: TICKETS FOR FAVOURS

  • Mallya brought in a policy of issuing complimentary tickets to people in important places – proof of corruption and how Mallya bribed officials who could curry favours to Kingfisher.
  • Even the aide to the DGCA – sought and got free tickets – because as Kingfisher notes, they are ‘very important people’
  • From Police officers (highlight remarks) to Customs officials (highlight remarks) to Income Tax officials (highlight remarks) handling the Kingfisher file to secretaries to ministers who could favour Mallya – they were all bought out by Mallya

#SCAM 3: CELEB JET RIDE ON INDIA'S EXPENSE

  • Documents with Republic show Mallya’s jet setting extravagance – all billed to Kingfisher – among those he gave a free jet ride between 2007 and 2010 – are Praful Patel, Sharad Pawar and Rajiv Shukla – all ministers under UPA – and even A-list Bollywood stars –  they were all onboard on Mallya’s favour list

#SCAM 4: MALLYA 'BOUGHT' MEDIA SILENCE

  • Scam 4 proves that the media has been a party to the Mallya scams – Page 310 of the secret report – exposes how Mallya had bought media’s silence – (highlight) to divert attention from the truth and create a favourable atmosphere

#SCAM 5: TAXPAYER MONEY SENT TO TAX HAVENS

  • Scam 5 Mallya pulled was swindling Kingfisher funds to Tax Havens – to addresses that don’t exist – these were moneys he borrowed from banks

#SCAM 6: ED, CBI WENT SLOW ON MALLYAGATE

  • Page 14  - The SFIO till date has received no reply from the ED on queries
  • Page 37 – The agency that India is banking on – hid information – recorded in these documents

#SCAM 7: TOP BUREAUCRAT IN QUID PRO QUO

  • From the ED to the Ministry of Finance – Mallya had everyone in his pocket.
  • Meet Amitabh verma – now repatriated to parent cadre of Bihar. His name figures on atleast 3 pages in the secret report –He was the go to man for Mallya in the bureaucracy

#SCAM 8: BANKERS COLLUDED WITH MALLYA

  • The bankers colluded with Vijay Mallya.

#SCAM 9: 'ROUND ROBIN' TAX EVASION

  • The secret report exposes round tripping of funds to avoid taxes

#SCAM 10: SKIPPED SUMMONS, FLED TO LONDON

  • And all of this explains – why Vijay Mallya fled to London with 15 handbags in 2015

Also READ: Vijay Mallya Speaks Out, Defends Splurge In Court

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