भगोड़े की पूरी कहानी | Vijay Mallya Fraud Case Study | Fall of Kingfisher Airlines | Josh Money

MOST Famous Scam of India | Vijay Mallya Fraud Case Study | Fall of Kingfisher Airlines | Josh Money
In today's Josh Money video, we are explaining the most famous SCAM of India which is the Vijay Mallya Fraud Case Study.
Vijay Mallya is an Indian businessman and former member of Parliament (Rajya Sabha). Vijay Mallya also owns Royal Challenger Banglore - IPL Team. Vijay Mallya became the chairman of United Breweries Holdings Limited (UBHL) in 1983 at the age of 28 after his father’s death. Vijay Mallya grew its company rapidly.
From 1998 to 1999, Vijay Mallya grew the company's turnover by 64%. He also Diversified the business of the company by acquiring many other companies. He acquired Berger Paints which is an Indian Paint company.
Vijay Mallya was also elected as a member of parliament twice from Karnataka. The company also achieved the milestone of selling 10 crores cases in India and by this achievement, the company became the second-largest spirits company in India.
All this achievement was possible by the control of Vijay Mallya’s Chairmanship. Kingfisher Airlines was launched by Vijay Mallya in 2015.
Vijay Mallya wants to expand his liquor and Airline business. His advisors advise him not to do this but despite his advisor’s advice, he does the same. He sold another company formed by his father to fund its airline company.
Vijay Mallya’s kingfisher becomes India’s no.1 domestic airline company and the first choice of every passenger. Due to some restrictions, the Indian Government did not allow kingfishers to fly international flights. To fly international flights he leveraged United Spirits or United Breweries to buy Deccan Air which is a loss-making company and merged it with Kingfisher Airlines but it could not make profits thus in 2010 Malaya’s this business was in heavy loss.
To run this business he continuously took loans from banks. He took loans of 9000 crores by 17 banks. Although SBI has declared them as bankrupt other banks kept lending him loans because he was a member of Rajya Sabha and some parties supported him. His company kingfisher also -held service tax of passengers, PF, Income Tax of Employees, but did not submit to the PF or IT authorities.
The company also did not pay the salary of its employees or ran out of cash. In 2012 the company had to shut down its operation. Vijay Mallya had a loan of 9000 from different banks and he denied to pay this loan.
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Video Editor: Ayushi Saxena
Thumbnail: Purvang Mehta

[@gauravm8152]

No need of background music...it is distracting

[@anmoldudeja5374]

Please provide more videos on banking scams
These videos are very helpful mam

[@Proloysaha36]

Must be punished and bring back the money looted by Vijay mallya ,Nirab Modi and others and settled in U.K.

[@chandrasekharbehera1221]

Aur aam ko 1 lakh rupaye dene mein bank ko guarantee chahiye 😁🤓

[@PremiumReviewer]

Sir i have some doubts about zerodha app.
Does zerodha deduct annual charge every year if you use zerodha for one long term investment only ??
Lets say i have 2k money in my zerodha demat account and i invested 1k money on 1 jan 2020 for 20 years and i have 1k money remain in my acoount and then closes my zerodha demat account and deleted zerodha app , does zerodha auto deduct annual charge every year.
And how can i track my long term investment after deleting zerodha

[@abc_cba]

My bank people call me for a loan of ₹3 lakh, which i sometimes miss repaying installments due to health issues but nobody challenges Malya, or Neerav Modi or that Shushmita Sen's BF (dunno his name) !
This is unfair.

[@dehatifunnyprank3761]

Mem onpassive kon si Company hai espar thora video banaye es par

[@Rohit.Kumar.5777]

कौन कौन मानता है कि मां बाप के चरणो में स्वर्ग है *i

[@Thedigitalschool1]

Aa gai free ka like aur comment leke..

[@dehatifunnyprank3761]

Ham mam bap ko nahi mante hai sirf ham 💰💰money 💰💰💰ko mante hai

[@DarkKing-cs1vg]

😂😂😂😂.......mallya can buy sbi and pnb in cash sell it at gurbage rate

[@ramnarayansahu3053]

Im greatest fan of Vijay mallya....i wish he always live kingsize n freely from indian lawsuit

[@priotoshkumardey7926]

Ek sip 15k ka karu?? Ya fir 5k karke 3 sip karu?? Konsa sahi hoga?? Or return kisme achha milega pls reply ❤

[@allgamingvideo2478]

Nice information

[@shakitchenqueen2240]

Ma'am Google blogger py vedio banaye

[@shakitchenqueen2240]

Ma'am pocket FM par vedio banaye

[@Bipin_Raj]

Didi good explained

[@matieshbhai2599]

Or norMal insan ke liye benk ko gerntyi chahiya 1lakh ke lon ke liye

[@Ty_son]

Desi Chotta 😂

[@AB-bc6lc]

aurat ka chakkar babu bhaiya!!!