Is Vijay Mallya really that bad?

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asked Mar 14, 2016 by Akanksha

1 Answer

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answered Apr 9, 2016 by rams (805 points)

He is not bad, by he spends a lot on himself, his family and his friends, even when he doesn't have money. He lives a lavish life.

All his business went well. His United-Beverages group is still a very profitable business. The main losses he made was in his

  1. King-Fisher airlines business and 
  2. IPL - He spent over ₹ 5,000,000,000 or Rs. 500 Crores(around $ 75,000,000) on IPL which would have indirectly helped UB, but direct losses made to the investment. 

So, now, his debts over ₹4000 Crores can be cleared by selling his assets across the globe and stock of UB Holdings. 
He is not really fully into trouble yet.

(Written on April 2016)

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