Manmohan Singh, Chidambaram helped Vijay Mallya to get loans, says BJP

The saffron party mentioned a report that said the former UPA government facilitated loans to Mallya after he allegedly wrote to Singh and former Finance Minister P Chidambaram in 2011 and 2013

Manmohan Singh, Chidambaram helped Vijay Mallya to get loans, says BJP

Former Prime Minister Manmohan Singh helped liquor baron Vijay Mallya to default loan, the BJP alleged on Monday, referring to letters that have been displayed by the media.

The saffron party mentioned a report that said the former UPA government facilitated loans to Mallya after he allegedly wrote to Singh and former Finance Minister P Chidambaram in 2011 and 2013. The letters allegedly asked to speed up the loans from a consortium of banks led by SBI to the tycoon's defunct Kingfisher Airlines.


BJP spokesperson Sambit Patra asked in a press conference: "From where did Vijay Mallya procure such funds? Was sinking ship (Congress) helping sinking airline (Kingfisher)"

He also said though the loans were not repaid, Mallya was granted loans more than one time.

The Kingfisher owner fled to Britain last year in the middle of legal proceedings against him by the consortium to recover nearly 9,000 crores in unpaid loans to Kingfisher airlines.

Various Indian investigation agencies have attempted to bring back the tycoon, who faces warrants in courts. Mallya asserted several times that he is living in "forced exile".

Dr Singh and Chidambaram will address the media later but it is ambiguous whether both the leaders will respond to the allegations.