Monday, March 14, 2016

Why Kingfisher; Talk About Air India Losses Too: Ex-Infosys CFO

Kingfisher shouldn’t be the only airlines over which questions should be raised – asserted TV Mohandas Pai, former top official of Infosys – bringing into light the massive losses incurred by Air India.
“Air India has lost about Rs 30,000 crore. Why don’t you hold the people who manage (it) accountable for Air India losses like you hold Vijay Mallya (accountable for losses in Kingfisher Airlines)?” demanded Pai, former Chief Financial Officer and HR Head of the Bengaluru-based software major.
He went on to state how everyone was quiet on the Air India issue, while going after Mallya, all guns blazing.
“Everybody is going after Vijay Mallya. (But) a government entity making (AI) losses is it? Parliament is sitting quietly and does not talk about it. Media will sit quietly and nobody will talk about it...holding nobody accountable. What is this? It’s hypocrisy. Both are of the same character and both are wrong,” he said.
Pai also went on to give Mallya some advice, telling the latter that he won’t be able to in this battle by staying away and should instead come back.
Noting that the whole country is against Mallya now, Pai, formerly a member of the Kelkar panel on direct tax reforms, said, “He can’t fight the whole country for what he has done.”
13/03/16 The Quint
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