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Indo-UK News and Discussion - April 2013

The Strategic Issues & International Relations Forum is a venue to discuss issues pertaining to India's security environment, her strategic outlook on global affairs and as well as the effect of international relations in the Indian Subcontinent. We request members to kindly stay within the mandate of this forum and keep their exchanges of views, on a civilised level, however vehemently any disagreement may be felt. All feedback regarding forum usage may be sent to the moderators using the Feedback Form or by clicking the Report Post Icon in any objectionable post for proper action. Please note that the views expressed by the Members and Moderators on these discussion boards are that of the individuals only and do not reflect the official policy or view of the Bharat-Rakshak.com Website. Copyright Violation is strictly prohibited and may result in revocation of your posting rights - please read the FAQ for full details. Users must also abide by the Forum Guidelines at all times.
Singha
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Re: Indo-UK News and Discussion - April 2013

Postby Singha » 29 Mar 2017 19:00

scotland will definitely be a nato member if it separates . no reason not to. rents from bases will be huge

Karthik S
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Re: Indo-UK News and Discussion - April 2013

Postby Karthik S » 29 Mar 2017 19:21

Singha wrote:Qatar is the biggest landlord in london

http://www.dailymail.co.uk/news/article ... -feet.html


Use city's brand name and attract foreign money and your economy grows.

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Re: Indo-UK News and Discussion - April 2013

Postby IndraD » 29 Mar 2017 19:33

Both Saudi & Russians own lots of lands and property in London. There is a colony called little Moscow on Thames.

Lalmohan
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Re: Indo-UK News and Discussion - April 2013

Postby Lalmohan » 29 Mar 2017 22:44

qataris own a lot of prime spots in paris too... 1 Champs Elysees amongst them

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Re: Indo-UK News and Discussion - April 2013

Postby Philip » 30 Mar 2017 11:37

Happy 2 years of bargaining!
https://www.theguardian.com/politics/20 ... ooperation
Brexit: EU condemns May’s ‘blackmail’ over security cooperation
Prime minister’s remarks in article 50 letter prompt reply that other member states will not accept security collaboration as bargaining chip

Lalmohan
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Re: Indo-UK News and Discussion - April 2013

Postby Lalmohan » 30 Mar 2017 15:20

the funniest thing of all will be that 2 years from now, the UK and EU will be in the same place with the same rules and regulations and just more bureaucracy...

perhaps it was a job creation scheme after all?!?!


Philip
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Re: Indo-UK News and Discussion - April 2013

Postby Philip » 05 Apr 2017 12:29

http://www.abovetopsecret.com/forum/thread1167010/pg1
Good bye, England, as you slip under the waves of Islam
Londonistan: 423 New Mosques; 500 Closed Churches

“London is more Islamic than many Muslim countries put together”, according to Maulana Syed Raza Rizvi, one of the Islamic preachers who now lead “Londonistan“, as the journalist Melanie Phillips has called the English capital. No, Rizvi is not a right-wing extremist. Wole Soyinka, a Nobel Laureate for Literature, was less generous; he called the UK “a cesspit for Islamists”. “Terrorists can not stand London multiculturalism”, London’s mayor Sadiq Khan said after the recent deadly terror attack at Westminster.

The opposite is true: British multiculturalists are feeding Islamic fundamentalism. Above all, Londonistan, with its new 423 mosques, is built on the sad ruins of English Christianity. The Hyatt United Church was bought by the Egyptian community to be converted to a mosque. St Peter’s Church has been converted into the Madina Mosque. The Brick Lane Mosque was built on a former Methodist church. Not only buildings are converted, but also people. The number of converts to Islam has doubled; often they embrace radical Islam, as with Khalid Masood, the terrorist who struck Westminster.

The Daily Mail published photographs of a church and a mosque a few meters from each other in the heart of London. At the Church of San Giorgio, designed to accommodate 1,230 worshipers, only 12 people gathered to celebrate Mass. At the Church of Santa Maria, there were 20. The nearby Brune Street Estate mosque has a different problem: overcrowding. Its small room and can contain only 100. On Friday, the faithful must pour into the street to pray. Given the current trends, Christianity in England is becoming a relic, while Islam will be the religion of the future.


LokeshC
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Re: Indo-UK News and Discussion - April 2013

Postby LokeshC » 05 Apr 2017 12:41

The guardian should be ashamed of itself. Islam is a peaceful religion and muslims are an opressed minority in briturdland. They should focus on makinf the country more welcoming of all shades of islam and accommodate the spread of peace.

As a well wisher, I just hope the well deserved karmic retribution strikes without mercy and without relent.

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Re: Indo-UK News and Discussion - April 2013

Postby Cosmo_R » 06 Apr 2017 03:56

IndraD wrote:Both Saudi & Russians own lots of lands and property in London. There is a colony called little Moscow on Thames.

There is also a colony called London on Volga

Cosmo_R
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Re: Indo-UK News and Discussion - April 2013

Postby Cosmo_R » 06 Apr 2017 04:01

This is one of the very few times I have agreed with a paki.

"That the castles and museums of the United Kingdom are filled with the treasures of its former colonies is a fact well known to all. Upon entering Windsor Castle one sees the crown (among various others) of the kingdom of Togo. Also on display are other things from other kings: the finery of Maharaja Ranjit Singh stares from inside one glass case; a 500-year-old Persian carpet adorns the cordoned-off centre of another room. The Victoria and Albert Museum (V&A) houses one of Tipu Sultan’s swords and the infamous musical organ carved into a wooden sculpture of a tiger felling a British soldier.

If the British feel any remorse about their plunder, it is not made explicit in the arrangement of such objects. Instead, how these artefacts are curated, presented and lit all seem to reiterate what the British very likely believe: the exemplary safekeeping and artful exhibition is a favour to those to whom these objects belong, who would have otherwise destroyed, smuggled or sold them off."

https://www.dawn.com/news/1324933/the-l ... past-glory

The wogs can't handle themselves etc. The British museum would be empty if the same standards of return for Nazi loot were applied to their loot of India. But MMS gave them comfort for the railway cantonments :)

Philip
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Re: Indo-UK News and Discussion - April 2013

Postby Philip » 08 Apr 2017 11:48

"To the victor the spoils".ancient human tradition,best example of which is Britain.Tipu's Tiger and sword,Shah Jahan's drinking cup,Parthenon marbles,the Koh-I-Noor,ad nauseum.If you want to see these magnificent exhibits purloined from the "colonies" ,no better place than Londonistan. For more on the once "colonial power":

http://www.independent.co.uk/news/world ... 73506.html
Russia accuses UK of 'colonial hypocrisy' over Syria during heated UN Security Council meeting
'All Arab countries recall your colonial hypocrisy,' Vladimir Safronkov tells Matthew Rycroft

Ben Kentish
Russia accused Britain of “colonial hypocrisy” after the UK voiced support for US air strikes in Syria during a tense emergency meeting of the United Nations (UN) Security Council.

Matthew Rycroft, the UK's ambassador to the UN, said Syrian President Bashar al-Assad had been “put on notice” after Donald Trump ordered cruise missile strikes on a Syrian air base in response to a chemical attack on the rebel-held town of Khan Sheikhoun that killed at least 72 people, including 20 children.

The Syrian government has been widely blamed for the attack, although it denies involvement and has blamed rebel groups.
Mr Rycroft criticised Russia for giving the dictator “everything he could have dreamed of" in its continued support for his regime.

Syrian airstrikes spark new chill for US and Russia
“The greatest war criminal of all, Bashar Assad, (anyone forgotten Tony B.Liar and Dubya Bush?) has now been put on notice”, he said. "The US strike was a proportionate response to unspeakable acts that gave rise to overwhelming humanitarian distress.
"Russia sits here today humiliated by its failure to bring to heel a puppet dictator entirely propped up by Russia, Hezbollah and Iran."

His comments provoked a furious response from Russia’s UN representative, Vladimir Safronkov.

"Stop putting forward these unprofessional arguments and accusations against my country”, he said. “These are not diplomatic. These are lies. Don't even try to get into fights in the Arab world. Nothing will work and nothing will be achieved.
"All Arab countries recall your colonial hypocrisy."

The row followed Mr Trump’s decision to order a series of strikes on Syria’s Shayrat airbase, where the planes involved in the chemical attack are believed to have taken off from.

Launched from two US warships, 59 cruise missiles pounded the base, killing at least seven people and causing extensive damage - although Syrian planes were able to take off from the air base hours later.

Mr Trump said the strikes were in the “vital national security interest of the United States to prevent and deter the spread of deadly chemical weapons”.

He said: “There can be no dispute that Syria used banned chemical weapons, violated its obligations under the Chemical Weapons Convention, and ignored the urging of the U.N. Security Council."

A Downing Street spokeswoman backed the strike, saying: "The UK Government fully supports the US action, which we believe was an appropriate response to the barbaric chemical weapons attack launched by the Syrian regime, and is intended to deter further attacks."

But Russia, which is a staunch ally of Mr Assad, immediately condemned the strikes, describing them as “aggression against a sovereign state in violation of international law”.

Russia would be helping Syria to strengthen its air defences, the Kremlin said.

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Re: Indo-UK News and Discussion - April 2013

Postby Haresh » 12 Apr 2017 17:30

Pervy Brits at it again.
1 thousand comments
http://www.dailymail.co.uk/news/article ... -jail.html :shock: :shock: :shock:

Indian Tourist bitten by snake in India dies
http://www.dailymail.co.uk/news/article ... -dies.html

720 comments.

Why are they so obsessed???

LokeshC
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Re: Indo-UK News and Discussion - April 2013

Postby LokeshC » 12 Apr 2017 19:56

Re: The comments on India related articles.

You assume that they are "normal" people. They are not. They have defined themselves as superior and us as inferior, and they are married to that idea.

So whatever confirms it, will invite their attention like vultures to the dead. So will whatever that denies their sorry ass self image.

What you posted is the vultures behavior when they get the confirmation. The news about Chandrayaan, ISRO etc is when these same "children of the locusts" land on to express their surprise and anger at the Indians not playing the role that they have imagined us to play.

What a pitiable existence these creatures have!! I hope they get well soon, but what to do onleee, its in their blood to be that way.

Lalmohan
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Re: Indo-UK News and Discussion - April 2013

Postby Lalmohan » 12 Apr 2017 21:06

2 factors at work
1. anonymity of internet makes everyone a keyboard warrior (BRF a great example)
2. focused intervention by bots/agents (from a number of different intel agencies in the east and the west) to steer the discussion towards a particular direction or line of thinking. recently a number of 'outrage stories' in the UK media has been traced back to disinformation

moral of the story - be very careful what you read these dins

Yayavar
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Re: Indo-UK News and Discussion - April 2013

Postby Yayavar » 12 Apr 2017 21:15

Haresh wrote:Indian Tourist bitten by snake in India dies
http://www.dailymail.co.uk/news/article ... -dies.html


What the heck? I thought they were defanged.
In any case the poor man died. The snake-charmer is guilty.

vasu raya
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Re: Indo-UK News and Discussion - April 2013

Postby vasu raya » 15 Apr 2017 21:24

http://www.indiandefensenews.in/2017/04/india-uk-can-together-develop-existing.html

We can together develop existing platforms into capabilities that other countries would want to buy


anyways, they 'sold' all their Harriers to USMC and are supposed to operate in Afghanistan, not sure how that ended up, definitely not with the IN when they made that decision.

vinod
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Re: Indo-UK News and Discussion - April 2013

Postby vinod » 18 Apr 2017 18:40

Indian tycoon Vijay Mallya held in UK
Indebted tycoon Vijay Mallya has been arrested in London, police have said.

He was arrested by the Metropolitan Police's extradition unit "on behalf of the Indian authorities in relation to accusations of fraud".

India has been pushing for the extradition of Mr Mallya, who faces charges of financial irregularities at his defunct Kingfisher Airlines.

Mr Mallya also has cricket and motor racing interests. He is said to owe banks £600m but denies wrongdoing.

He is due to appear at Westminster Magistrates' Court later on Tuesday.

Yagnasri
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Re: Indo-UK News and Discussion - April 2013

Postby Yagnasri » 18 Apr 2017 18:52

He got bail and gone home. Rest assured he will not be deported.

Singha
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Re: Indo-UK News and Discussion - April 2013

Postby Singha » 18 Apr 2017 19:24

When murder suspects like nadeem can get protection..mallya is much more well connected.

Singha
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Re: Indo-UK News and Discussion - April 2013

Postby Singha » 18 Apr 2017 19:25

On what grounds is the war room leak suspect green carded there?

SSridhar
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Re: Indo-UK News and Discussion - April 2013

Postby SSridhar » 19 Apr 2017 12:41

I agree with Mallya that there is unnecessary media hype over this simple arrest. Mind boggling that all Indian channels have been wasting their satellite time on this single worthless story and there were sparks-flying debates. I think the Crown used to dismiss with a wave of its majestic hand all Indian extradition/deportation requests thus far citing various reasons such as political vendetta/ insufficient information (a la Pakistan or is it the other way about?)/ injustice or lack of justice/ inhuman prison conditions etc. Now, they have decided to do the rejection the more legal way, that's all.

The UK has a tendency to keep scoundrels, rogues and murderers under its protection, for eventual use perhaps when the situation demands? Mallya would be no exception. The Indian media is un-necessarily jumping up-and-down.

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Re: Indo-UK News and Discussion - April 2013

Postby Suraj » 19 Apr 2017 19:39

JOHN ELLIOTT: BRITISH MINISTERS RUN INTO A BRICK WALL IN INDIA
Three British Cabinet ministers, plus the governor of the Bank of England and two other government ministers, trooped through India just before Easter in a seemingly desperate bid to drum up support from their largest former colony as Brexit looms—and before, following today’s announcement, they start campaigning for the U.K.’s June 8 general election.

They were well received by the Indian government, but the U.K. no longer rates as one of India’s leading foreign relationships, and they made little impression outside their formal meetings. This revived memories of visit splurges staged to little effect by former Prime Minister David Cameron.

Two prominent investment bankers in Mumbai said “zero” and “none” when I asked about the impact of the visit by Philip Hammond, chancellor of the exchequer, who brought Mark Carney, the Bank of England governor, with him. “I didn’t know they were here,” said the head of a large business group.

Shashi Tharoor, a provocative Indian member of Parliament, author and former top United Nations official, seems, by contrast with the ministers, to have made much more impact in the U.K., where last month he was publicizing his best-selling book, Inglorious Empire, which castigates the British for what he sees as its cruel and economically debilitating rule in India.

The comparison may appear unfair, but Tharoor has kicked off a debate about Britain’s failure to acknowledge its misdeeds. His book, titled An Era of Darkness, in its original Indian edition, has sold over 40,000 copies since it was published last November, making it the top title for Aleph, its publisher.

Tharoor has suggested that Britain should apologize for plundering the Indian economy and for horrors such as the Amritsar massacre in 1919 of hundreds of nonviolent protesters and pilgrims.

There is a Brexit link with Tharoor’s lucid and sometime passionate arguments because he is stirring up anti-colonial memories just as Britain is hoping that the 52 Commonwealth former colonies will give it a special welcome when it comes to negotiate bilateral trade deals.

Gus
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Re: Indo-UK News and Discussion - April 2013

Postby Gus » 19 Apr 2017 20:02

I think Mallayya issue is a good litmus test for where we stand with respect to our growing power. Let's see if we can get them to extradite him. It would be a major coup.

Part of the big noise in media about his arrest (and bail) is - to associate the failures about Mallayya (giving bad loans, failure to collect, failure to capture etc) ..associate all these failures to Modi admin, even when almost all of these failures are previous admin and the court order that prevents govt from stopping people flying out ad-hoc (that NGO greenpeace activist case IIRC).

keep repeating mallayya-modi in same sentence and it can be a useful tool to beat modi with. Already any question about fiscal prudence like, why should loans be waived, why electricity rates should be increased, why train rates go up, why petrol is taxed etc are all answered with this one line "what about mallayya" :roll:

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Re: Indo-UK News and Discussion - April 2013

Postby svenkat » 19 Apr 2017 23:17

My bil had a business partnership with him.He sees mallya as a hard working business man who wanted to run a honest business(airlines) but lost out on his lucrative liquor business and destroyed his life.
He has lost his valuable houses,villas and cars.
In retrospect he made three mistakes
1)In a nation defined by hypocritical austerity claims and actual luxury he flaunted his cars and girls and villas.
2)He had no political base and worse he trusted con party while being anti bjp.He over estimated his worth.Only an idiot would have employed bekaar Patel's wife.
3)Airlines industry was beyond his pay grade.He was not a big boy compared to the sharks up north.

The worst thing was he was not a playboy who screwed the young gals,rather an idiot who was showing off.He is definitely not in the league of anti nationals(Muslim terrorists/khalistaanis/ltte)who end up in Terror support capital. Sad to see him end up in london.That one decision to go to London alone will condemn him in the eyes of jingoes.

Bhurishravas
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Re: Indo-UK News and Discussion - April 2013

Postby Bhurishravas » 20 Apr 2017 03:47

Mallya was a bad businessman. That is all. He ruined his fathers hugely successful business. To the point of selling it.
In a real impartial court case he will be declared bankrupt and let off. But then the judges these days are one step short of starting their own political party.
The extradition and jailing and him being criminal etc is politics being played for the masses. To convince them that govt and opposition are for the poor and not for the rich.

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Re: Indo-UK News and Discussion - April 2013

Postby chanakyaa » 20 Apr 2017 05:51

Lalmohan wrote:the funniest thing of all will be that 2 years from now, the UK and EU will be in the same place with the same rules and regulations and just more bureaucracy...

perhaps it was a job creation scheme after all?!?!

True, like a couple who wants all the benefits of a marriage without being tied legally by a marriage. More than a job creation scheme, I do believe that it is covert attack on the EU itself (i.e. disintegration), something which failed to achieve desired results with Greece (exit).

Varoon Shekhar
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Re: Indo-UK News and Discussion - April 2013

Postby Varoon Shekhar » 20 Apr 2017 09:03

Anyone know what has been the condition of the UB group during/following the whole Mallya malfeasance? Are the UB companies doing fine? Who is going to be the successor?

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Re: Indo-UK News and Discussion - April 2013

Postby Singha » 20 Apr 2017 09:10

KF has the widest footprint in india. but why have they done no product diversity at all in the last 10 years - its still the same KF , KF strong, KF ultra, KG blue with no real difference or description of how they differ.
discerning beer drinkers have long ago moved on to other brands or increasingly craft beer in restaurants.

sure its the cheapest beer and favoured by those looking for volume on a budget like students and young professionals.

import taxes make foreign made beer very expensive like asahi and sapporo and european brands. hope they take up local manufacture

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Re: Indo-UK News and Discussion - April 2013

Postby chetak » 20 Apr 2017 12:49

Bhurishravas wrote:Mallya was a bad businessman. That is all. He ruined his fathers hugely successful business. To the point of selling it.
In a real impartial court case he will be declared bankrupt and let off. But then the judges these days are one step short of starting their own political party.
The extradition and jailing and him being criminal etc is politics being played for the masses. To convince them that govt and opposition are for the poor and not for the rich.


VM more than tripled the fortune his daddy left him, so being a bad businessman does not wash.

He was raped by the airline business that he ventured into without knowing his arse from a hole in the ground airline business wise, I mean.

His employees stole him blind, most VPs and people of that rank were absolutely dishonest carpetbaggers, who made money by bribes and kickbacks on a daily basis. His payroll was very high, employee privileges virtually unlimited.

starting from the deccan purchase where he was f(uk@d over and swindled real badly by an aviation "pioneer", to his own employees cutting deals with competitor airlines to cut KF passenger loads by buggering around with flight timings to gentle folk like dickhead parfool patel with their snouts deep into the KF trough, to freeloading ass holes like mani shankar iyer who regularly grabbed tens of free business class tickets virtually on a weekly basis, there is virtually no end to such stories, all true, BTW.

Of course, he was a money diverting crook too. He lined his own pockets by under and over invoicing goods and services.

No more than any of the other "civil society" page 3 type crooked industrialists locked into the lootyens cesspool for decades and generations.

He also has "permanent leave to remain" status in the UK. and political pull there.

He is going to be very difficult to extradite without a long knock down and drag out fight.

The congis and other pawarful people are batting for him in the background, trying to save their own langotes from being yanked away because of their frolicking at KF parties and lots of horizontal dancing that they indulged in courtesy of many a willing KF model.

Lalmohan
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Re: Indo-UK News and Discussion - April 2013

Postby Lalmohan » 20 Apr 2017 13:04

chanakyaa wrote:More than a job creation scheme, I do believe that it is covert attack on the EU itself (i.e. disintegration), something which failed to achieve desired results with Greece (exit).


absolutely no doubt about that and its roots are fairly easy to trace, and in the course of time it will all come out. in the meantime - stock up on tinned food and water and extra ammo and wait for the storm to pass...

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Re: Indo-UK News and Discussion - April 2013

Postby Aditya_V » 20 Apr 2017 14:23

chetak wrote:
He was raped by the airline business that he ventured into without knowing his arse from a hole in the ground airline business wise, I mean.

His employees stole him blind, most VPs and people of that rank were absolutely dishonest carpetbaggers, who made money by bribes and kickbacks on a daily basis. His payroll was very high, employee privileges virtually unlimited.

s


This is where I have a huge difference of opionion, he was not raped, he raped.

I belive he and Maran brothers got into Airline business for one thing. It is the best business to launder money and send it abroad.

A brief background.

Liquor business, In India Liquor is State subject, i.e States Levy excise and Vat at in most states at around 110%+130%. I if a bottle is sold for 350, around 230-250 goes as state exchequer.

For many years and true even today, liquor bottles do not have a batch no., manufacturing date etc. This is because of an unwritten rule that in industry that the Trucker will get an incentive if he brings the Invoice without a state Checkpost stamp the next batch of liquor bottles get sent on the same Invoice. The Trucker will share this incentive with the state tax authorities and whole system will make money. Most of the wine shops will pay for the purchase in cash. Literally only 1 in 2 or 3 shipments will get stamped and hence for every 100 Rs official turnover with 230 state tax, Mr Mallya will end up with cash for unstamped 350 or 700.

Thats when the conversion happened with these Airline Industry.

The beauty of the airline Industry is it is one of the few industries where you Millions of Customers/Travel agents to deal with and hundreds of foreign Vendors for various certifications, parts import, airline lease, pilot training, recruitment fees for expat pilots, foreign engineers, foreign engineers inspection etc. etc.

Step-1 So you basically have a whole bunch of people booking tickets/ canceling tickets- loosing out on cancellation fee etc. somehow get the cash held as black as white legitimate ticket collection.

Step-2 Due to the nature of business and through a network of sister foreign companies abroad you can make payments hundreds of foreign Vendors for various certifications, parts import, airline lease, pilot training, recruitment fees for expat pilots, foreign engineers, foreign engineers inspection etc. etc. An investigation agency will have to break its head which is legit and which is non legit

Step-3 Under price tickets so that your operations has millions of legitimate passengers along and legitimate business payments and business collections are being made but operating losses are being made

Step-4 You dont want to bear the operating losses of this scheme while transferring your money out so you get the friendly Finance ministry to wink, wink arm Twist PSU Banks to Grant loans even though no sensible Banker can afford to give such loans without proper collateral. Any Private Bank you give your profitable business share so Axis Banks etc make a profit out of this deal while the PSU Banks make a loss. After all its only GOI's money and those small saving depositors who put thier money in there.

That there is the Mallya and Maran story of entering into the Airline Business.

People still think Mallya and those who received consideration were being raped?

Aditya_V
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Re: Indo-UK News and Discussion - April 2013

Postby Aditya_V » 20 Apr 2017 14:32

An article which Hints at PSU Banks were raped while private Banks who were int hsi made money
How SREI Infra recovered money from Kingfisher Airlines


Like in most bankruptcy cases, the lenders, who were mostly public sector banks, formed a consortium to ensure they had an equal chance of recovery. The banks conducted most of their negotiations with Mallya and his team as a group. ICICI Bank was the only institution to break out of the group, partly because its Rs 450 crore loan to Kingfisher Airlines was backed by shares of United Spirits (the profitable liquor business of the UB group). Mallya’s airline business was down in the dumps, but his liquor companies were doing wel


See how the private Bank has the proper collateral but PSU Banks who are far more cautious when AAM AADMI applies for a home loan threw caution to the winds?

Kanoria says the deal was ring-fenced (backed by shares), but it was clear that neither the RBI nor the other banks liked it. The brass at ICICI, however, was relieved to get its money back and sold the debt to SREI at a discount. All they wanted was to remove ICICI’s name from the long list of Kingfisher’s lenders.

But the real winner in this story is SREI. Though the fund hasn’t made a profit on the deal, it held on to the United Spirits shares, gradually offloading them over the last two years. It had got the shares at the prevailing price of around Rs 850 per share, but when news of international spirits giant Diageo buying into United Spirits broke, share prices soared to Rs 3,000 by the middle of 2014. By June, SREI had sold its entire tranche of 2.2 million shares, more than trebling returns for the fund in two years.

SREI has been able to recover about Rs 600 crore of its own money (with interest).
In addition, it deposited a balance of Rs 650 crore with the Karnataka High Court, which has the receivership in the Kingfisher case. In January, the high court admitted a winding up petition filed by the SBI-led consortium of lenders, which is claiming dues of Rs 6,200 crore. The petition seeks liquidation of the airline.

The case for recovery of Kingfisher Airlines’ dues is unlikely to be settled soon. However, SREI’s daring but calculated risk has paid off. No other lender to the unfortunate airline has been able to walk away with a smile.


Unfortunately this not a one off case but the collective Rape of PSU Banks in UPA era. BY June 2014, Govt Treasury was empty and PSU Banks were Bankcrupt and there were still 2 Lakh crores of Oil Under recovery. A scorched earth policy

Aditya_V
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Re: Indo-UK News and Discussion - April 2013

Postby Aditya_V » 20 Apr 2017 14:39

Vijay Mallya has aldready declared to Karnataka DRT and SC in 2014 that his Networth abroad is more than USD 40 million, i.e not money with family members like Siddarth mallya, his wife etc.- only his own wealth and there is probably more through Business run through tax havens like Switzerland, Caman Islands etc which have a non disclosure of owner interests.

To call him a victim here is preposterous and to blame BJP when PSU Banks were arm twisted to give loans during UPA era shows how as a nationw e are away from the truth.

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Re: Indo-UK News and Discussion - April 2013

Postby Aditya_V » 20 Apr 2017 14:50

Cross posting a link which as posted by Bredator in Burkha forum which has surprisingly come independently on money control
ijay Mallya gifted $40 million to his children, funnelled Rs 3200 crore overseas: ED’s dossier

The Enforcement Directorate (ED), which tracks overseas transactions and money laundering deals, has gathered substantial evidence on how a major portion of bank loans given to KFA was moved outside India cloaked as operational expenses or lease rentals, sources told Moneycontrol.


Between 2007 and 2012, KFA remitted funds worth Rs 3,280 crore to foreign entities, shown to be payments made towards aircraft rental leasing and maintenance, servicing and spare parts, according to the ED’s provisional attachment order issued last year, reviewed by Moneycontrol.


According to ED’s money trail analysis, Rs 423 crore of the IDBI Bank loan has been remitted overseas without appropriate supporting documents.


The ED has also made a case alleging that Mallya received USD 40 million (out of an agreed USD 75 million) on February 25, 2016, from London-based liquor major Diageo Plc, barely a week before he left India.

chetak
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Re: Indo-UK News and Discussion - April 2013

Postby chetak » 20 Apr 2017 14:56

Aditya_V wrote:
chetak wrote:
He was raped by the airline business that he ventured into without knowing his arse from a hole in the ground airline business wise, I mean.

His employees stole him blind, most VPs and people of that rank were absolutely dishonest carpetbaggers, who made money by bribes and kickbacks on a daily basis. His payroll was very high, employee privileges virtually unlimited.

s


This is where I have a huge difference of opionion, he was not raped, he raped.

I belive he and Maran brothers got into Airline business for one thing. It is the best business to launder money and send it abroad.

A brief background.

Liquor business, In India Liquor is State subject, i.e States Levy excise and Vat at in most states at around 110%+130%. I if a bottle is sold for 350, around 230-250 goes as state exchequer.

For many years and true even today, liquor bottles do not have a batch no., manufacturing date etc. This is because of an unwritten rule that in industry that the Trucker will get an incentive if he brings the Invoice without a state Checkpost stamp the next batch of liquor bottles get sent on the same Invoice. The Trucker will share this incentive with the state tax authorities and whole system will make money. Most of the wine shops will pay for the purchase in cash. Literally only 1 in 2 or 3 shipments will get stamped and hence for every 100 Rs official turnover with 230 state tax, Mr Mallya will end up with cash for unstamped 350 or 700.

Thats when the conversion happened with these Airline Industry.

The beauty of the airline Industry is it is one of the few industries where you Millions of Customers/Travel agents to deal with and hundreds of foreign Vendors for various certifications, parts import, airline lease, pilot training, recruitment fees for expat pilots, foreign engineers, foreign engineers inspection etc. etc.

Step-1 So you basically have a whole bunch of people booking tickets/ canceling tickets- loosing out on cancellation fee etc. somehow get the cash held as black as white legitimate ticket collection.

Step-2 Due to the nature of business and through a network of sister foreign companies abroad you can make payments hundreds of foreign Vendors for various certifications, parts import, airline lease, pilot training, recruitment fees for expat pilots, foreign engineers, foreign engineers inspection etc. etc. An investigation agency will have to break its head which is legit and which is non legit

Step-3 Under price tickets so that your operations has millions of legitimate passengers along and legitimate business payments and business collections are being made but operating losses are being made

Step-4 You dont want to bear the operating losses of this scheme while transferring your money out so you get the friendly Finance ministry to wink, wink arm Twist PSU Banks to Grant loans even though no sensible Banker can afford to give such loans without proper collateral. Any Private Bank you give your profitable business share so Axis Banks etc make a profit out of this deal while the PSU Banks make a loss. After all its only GOI's money and those small saving depositors who put their money in there.

That there is the Mallya and Maran story of entering into the Airline Business.

People still think Mallya and those who received consideration were being raped?


While KF airlines ran, it was the best airline in India in terms of service. This despite it's shitty and crooked senior management.

The ordinary KFA employee was a dedicated worker and the company got from them many times more than the worth of the salary it paid them.

I was in the airline industry for over six years and I know a bit about what happened, maybe a little bit more than most others.

VM was a dedicated hands on manager, and cost was never a consideration with him in his pursuit to create a premier and luxury Indian airline. Unfortunately, cost control is the primary parameter that is used to run an airline.

Everything revolves around the creative management of this one factor. Seats, fuel, food, payroll, spares, lease agreements, delays, slots, timing, serviceability, maintenance, inventory carrying, load factors, turn arounds etc are primarily cost influenced and the total adds up.

cost control in the tarra trade and the airline business are two very different beasts and all the financial types in KF airlines were UB employees with their ideas of the cost and trust from the liquor trade.

In the tarra trade, high spending gives you a sustainable premium image and high returns whereas in the airline trade it's downright suicidal.

Don't underestimate the dark and evil influence of Deccan in the ultimate failure of KF airlines and that by itself is another story.

Before he started to borrow, VM put in a large amount of UB money into KFA, until one board after another cutoff VM's access to UB money.

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Re: Indo-UK News and Discussion - April 2013

Postby Aditya_V » 20 Apr 2017 15:06

Chetak, but the information is out there is clear from the above links

Fact 1- PSU Banks lent money in 2008-12 without a business case and were arm twisted to give out loans from Finance Ministry without collateral

Fact 2- Money in the name of operational expenses of KFA to Vendors was laundered to his Children and Himself , a small amount of atleast 4000 crore.

VM may not be the only criminal and mafia could be major beneficaries, but the KFA saga was not just a bad business story with PSU banks business loans going bad.

It has a web of criminal contracts where the Depositors in PSU Banks and GOI Tax payers have been defrauded by then Head of FInance Ministry and those who ran the Govt.

chetak
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Re: Indo-UK News and Discussion - April 2013

Postby chetak » 20 Apr 2017 15:54

Aditya_V wrote:Chetak, but the information is out there is clear from the above links

Fact 1- PSU Banks lent money in 2008-12 without a business case and were arm twisted to give out loans from Finance Ministry without collateral

Fact 2- Money in the name of operational expenses of KFA to Vendors was laundered to his Children and Himself , a small amount of atleast 4000 crore.

VM may not be the only criminal and mafia could be major beneficaries, but the KFA saga was not just a bad business story with PSU banks business loans going bad.

It has a web of criminal contracts where the Depositors in PSU Banks and GOI Tax payers have been defrauded by then Head of FInance Ministry and those who ran the Govt.


cross purposes, saar.

You are talking about the PSU loans scam which is a standard operating procedure of the congis and has been a tried and tested source of income for decades starting from the days after independence. VM is a small to the marginal player here and very much bigger sharks are still roaming around freely even after the change of the political scenario.

I was talking about how VM ran an airline into the ground and who all raped him.

That he is a crook is undisputed but he is also a very hardworking businessman who ran cash rich and all cash enterprises of tarra, both IMFL as well as country tarra like toddy through legitimate excise contracts obtained via auctions.

no one can dabble in tarra and claim to be pure like the driven snow. Darkness is something that comes with the territory.

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Re: Indo-UK News and Discussion - April 2013

Postby Dipanker » 23 Apr 2017 23:00

The backlash against the Indians in WASP countries of USA, UK, Australia continues, could Canada, and NZ we next?

38 Indians detained in UK for visa breach in factory raids

LONDON: Britain's immigration officials have detained 38 Indians, including nine women, for overstaying their visas or working illegally after conducting raids in two clothing factories in the city of Leicester.
The UK Home Office Immigration Enforcement team raided MK Clothing Ltd and Fashion Times UK Ltd in the city in the East Midlands region of England last week and held 38 Indians and one Afghan man.
Of those detained, 31 had outstayed their visas, seven had entered the country illegally and one was working in breach of their visa conditions, Leicester Mercury reported.
The officials took 19 people into detention pending their removal from the UK while remaining 20 were ordered to report regularly to the Home Office while their cases are dealt with.

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Re: Indo-UK News and Discussion - April 2013

Postby Singha » 23 Apr 2017 23:09

Nz is already


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