Indian Billionaires and Their Share of Controversies
Vijay Mallya: Sanjay Aggarwal, the CEO of Kingfisher airlines quit on 17th February-a move that casts doubt on the chance of revival of the company. The company has recently reported 
822 crore Q3 loss.
However, not long ago, the IT department has attached Kingfisher properties for nonpayment of 350 crore in tax. The company, which was 2nd largest player in the country’s domestic air travel market, has not flown a single flight since October 2012. The Director General of Civil Aviation (DGCA) had suspended its license to fly on safety issues in October 2012. The employees of the company who were not paid salary for 18 months went on a hunger strike in Delhi and have filed criminal case against Vijay Mallya. Mallya has been criticized by the employees of the airline for investing in Formula one and IPL teams and not giving enough attention to the airlines business. They also blame him for keeping them in dark about the company’s financial status.
Kumar Mangalam Birla: Kumar Mangalam Birla along with former coal secretary P.C. Parekh came under CBI scrutiny in October 2013 for alleged irregularities in the the Talabira coal blocks allocation, in Odisha. The CBI found that the screening committee had decided to allocate the Talabira II and Talabira III coal blocks to PSUs, but following a meeting between Birla and Parekh, the decision was reversed. The Talabira coal block was allocated to Hindalco-a Birla company. Birla reportedly met Finance Minister P. Chidambaram four times regarding the case and the Prime Minister has come out openly in support of Birla suggesting the Talabira coal allocation was fair.
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