King Fisher Airlines SCAM
1) PSU Banks convert their doubtful debts in KFA into equity (@ 23%
stake in KFA)
2) Banks sell this converted equity off-market at Rs. 65 per share to
unnamed parties (when market price is Rs. 38)
3) KFA share is now Rs.13
4) KFA has no assets, family members of employees commit suicide.
http://www.financialexpress.com/news/kingfisher-air-gets-humanitarian-funds/1012496/0
PS: Robert Vadra has expressed his intention to get into civil aviation business
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