Mallya’s fun times

November 19 2011

So is Mallya really in such grave trouble or is he a rich owner of a poor company? On papers, the company has shown a loss of Rs 7,800 crore but the real loss could be much more. The company even sees profit in buying big ships and that is the reason it buys an F1 team for Rs 641 crore in a flash. But have the financial institutions lost complete trust in the company’s management that they now want the company accounts to be taken care of by the banks?

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