Bangalore: Last week, Kingfisher Airlines Chairman Vijay Mallya told his employees that he had no money to pay their salaries.
However, a note in the airline’s latest annual report reveals that Chief Executive Officer Sanjay Aggarwal was paid a remuneration of nearly Rs 4 crore for the last fiscal.
And yet, Kingfisher Airlines official claimed that the CEO was not paid any salary for the entire year.
A year earlier, the airline paid Aggarwal about Rs 2 crore as he had joined the company during the second half of 2011-12.
03/09/13 Business Line
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However, a note in the airline’s latest annual report reveals that Chief Executive Officer Sanjay Aggarwal was paid a remuneration of nearly Rs 4 crore for the last fiscal.
And yet, Kingfisher Airlines official claimed that the CEO was not paid any salary for the entire year.
A year earlier, the airline paid Aggarwal about Rs 2 crore as he had joined the company during the second half of 2011-12.
03/09/13 Business Line
