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Did former PMO, Finance Minister bailout Mallya?

In a twist to the Vijay Mallya saga, the Network18 has accessed some letters that Vijay Mallya wrote to the then Prime Minister Office (PMO) and his employees revealing that Manmohan Singh and Finance Minister gave undue favors to Mallya.

In an email, dated June 10, 2010, Mallya told his senior management team that he has asked the Chief Financial Officer – AK Ravi Nedungadi – to organize whatever money he can to help the crippling Kingfisher Airlines until the promised money comes from the Prime Minister’s or Finance Minister’s office.

The mail certainly raises eyebrows as to why the then Prime Minister or Finance Minister’s office were releasing funds to bail a private airline.

The next document is a letter that Mallya directly wrote to the PM Manmohan Singh in October 2011. In this, Mallya has thanked the PM for meeting him to explain difficulties faced by the Kingfisher Airlines.

Mallya further said that the company had approached a consortium of banks to grant the company additional financial support and he had been asked to approach the then Principal Secretary to PM, TKA Nair for any issues.

On being approached by Mallya, Nair immediately spoke to concerned people in the ministeries involved, reveals the letter.

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