Kingfisher Airlines owes a total of Rs 9.5 billion to three state-run oil marketing firms as on May 31, the oil minister said on Monday. But the government has not made any move to encash bank guarantees to Kingfisher to recover the dues, Murli Deora said in a written reply to a question in Parliament. The carrier owns Rs 5.99 billion to Hindustan Petroleum Corp Ltd, Rs 3.14 billion to Bharat Petroleum Corp Ltd and Rs 373.6 million to Indian Oil Corp, Deora said. The dues of Kingfisher, as of other airlines, had started accumulating from the current fiscal year, when jet fuel prices soared on record high crude oil prices, he said.
Now if you want to know, Rs 9.5 million means Rs 950 Crores. That is 950 crores of the tax payers money that is not being paid by Vijay Mallya, one of the richest guys in India.
Just imagine how many new schools can be modernized using this 950 crores ? How many hospitals can be spruced up?
Why should the tax payers bear this for the sake of a private airline owned by a super rich guy?
Something is wrong somewhere!!!
