Mallya spent at least Rs 58.2 crore on buying and retaining players for the IPL
Contrary to his claims, Mallya now was seen spending crores on players who will play for his franchise. Kingfisher Airlines, which Mallya had promoted in 2005 as an 18th birthday gift for his son Siddharth, owes Rs. 350 crore to it employees.
Citing the rage in people against its Chairman, KFA spokesperson Prakash Mirpuri said, "RCB is a subsidiary of USL which has nothing to do with Kingfisher. Even though UBHL (Mallya's holding company, through which he controls his businesses) had no obligation, it applied to court to pay KFA employees which permission was not given by the court. It is wholly incorrect to make a mischievous link between the IPL auction and KFA."
OneIndia News