Liquor baron Vijay Mallya met with a former SBI senior official in 2009 as per the advice of a senior Finance Ministry official. (Source: File Photo) Liquor baron Vijay Mallya met with a former SBI senior official in 2009 as per the advice of a senior Finance Ministry official. The report says that an analysis of emails revealed cases of “corporate espionage,” freebies to politicians, officials and bureaucrats to buy influence and co-opting of independent directors using incentives and contracts. n Some independent directors of Kingfisher Airlines did not fulfil their duties. Kingfisher owes over Rs 9,000 crore to at least 17 lenders including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of Baroda and United Bank of India.

Source: Indian Express October 06, 2017 23:27 UTC