The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Chirag Patil, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
Today we see everyone is running after Mallya for the bad debts. Once the focus is on you, strange things start coming out. Following was reported in the news, “Vijay Mallya convicted in cheque-bounce case”.A local court today convicted industrialist Vijay Mallya in a cheque-bounce case filed against him by GMR Hyderabad International Airport Ltd. The court, however, did not pronounce the quantum of punishment as the Rajya Sabha MP, who left the country last month, was not present in the court, Mallya’s lawyer H Sudhakar Rao said.The quantum of punishment is expected to be pronounced on May 5 by the court, GMR lawyer Ashok Reddy said. “Two cases pertaining to cheque-bounce were going on against Kingfisher Airlines in the court and the matter was posted for arguments. After the arguments today, the court convicted Mallaya, Kingfisher and a senior official of the airline under section 138 of Negotiable Instruments Act.”Because Vijay Mallya was not here, the sentence has not been pronounced…only conviction has been recorded. Since no accused have appeared before the court, only conviction has been recorded.” Sudhakar Rao told PTI.
It doesn’t end here, more stories started coming out. Liquor baron Vijay Mallya may be a billionaire, but he did not hesitate to claim amounts as little as Rs 20,000 as perks to which he was entitled to as a Rajya Sabha MP, a reply to an RTI query has revealed. In response to a Right to Information query by a Bareilly-based activist Mohammad Khalid Jeelani, the Rajya Sabha secretariat disclosed that the liquor baron — convicted in a dud cheque case and facing a non-bailable warrant for defaulting on bank loans of around 9,000 crore — regularly pocketed Rs 50,000 per month as a parliamentarian’s salary as well as other perks like constituency allowance and telephone reimbursements.Jeelani said that he was “shocked by the findings as Mallya was known for his flamboyant lifestyle — ‘living life kingsize'”. The reply also revealed that while Mallya had not availed of any airfare reimbursements, he happily availed of all other perks and emoluments as member of the upper house of parliament.