Vijay Mallya Breaks Silence on 9 Year Kingfisher Airlines Collapse in Raj Shamani Podcast | RBI, RCB, Loans & Return to India
Vijay Mallya Breaks Silence on 9 Year Kingfisher Airlines Collapse in Raj Shamani Podcast | RBI, RCB, Loans & Return to India
Indian former businessman and now crook Vijay Mallya broke his 9-year silence on June 06, 2025, in a 4-hour podcast with popular YouTuber and financial expert Raj Shamani,
in which he apologized to Kingfisher employees and denied the Indian people’s accusations that he was a thief. He also spoke openly about the oil coming to India.
Let’s take a look at this information in detail.
Vijay Mallya apologized to Kingfisher employees
Today’s podcast Clubshare Airlines apologized to Kingfisher Airlines employees for the collapse. He also began his speech, which was released for the first time in 9 years, by saying that he wanted to tell the truth to the people.
He said that the reason for the collapse of Kingfisher was the financial crisis that occurred in 2008,
and that Pranab Mukherjee met him and said that continue the flight service and banks will provide loans for your financial needs.
On the question of being called a thief, he said,
Call me a fugitive, I accept it, but don’t call me a thief.
He also said that the March 2016 incident was planned before I went abroad.
Problems in doing business in India
Doing business in India is not as easy as people think,
He said that business cannot be done in India without the permission and cooperation of the 29 state chief ministers.
Kingfisher swimsuit calendar
Kingfisher calendar was very popular in those days. And it was given by SBI banks to their customers and bank parrots. Those who went to banks at that time could not help but see this calendar. Talking about this, the photos of celebrities like Katrina Kaif and Deepika Padukone played a big role in the popularity of the calendar
and he also said that it was a publicity and business strategy.
When asked about the idea of returning to India,
he said that he wanted to come to India and if he was assured of being treated with respect and a fair trial,
India’s imprisonment and asylum were involved in human rights violations.
Legal proceedings and recovery of money, amnesty, etc. are expected for Mallya’s return to India.
Timeline of kingfisher
Kingfisher was founded by Mallya in 2003,
and is a division of the UB Group.
It was advertised as a specially created airline with premium services.
The airline started its service in 2005.
It is famous for its luxurious advertisements and excellent service.
In 2007, it underwent rapid expansion and a merger with Airdecan.
The acquisition of Airdecan, a low-cost airline, caused major financial difficulties.
The 2008 fuel price hike and economic turmoil caused a financial crisis.
In this situation, Kingfisher was deeply in debt.
In 2002, Kingfisher launched international flights, which led to the collapse of Kingfisher.
In 2011, the airline reported a loss of over 1,000 crores, making it unable to pay its employees.
The banks defaulted on the loans Kingfisher received.
In October 2012, the DGCA revoked the airline’s flight license.
Thousands of Kingfisher employees lost their jobs.
In 2012, Kingfisher’s debt exceeded 9,000 crores.
In 2014, banks took legal action against Kingfisher.
SBI Bank, the headquarters of the Commodity 17 Bank Consortium, declared Kingfisher a wilful defaulter.
The CBI and the Enforcement Directorate initiated money laundering cases.
Mallya left India on March 2, 2016.
An Indian court declared Mallya a fugitive offender.
In 2017, a UK court tried Vijay Mallya for economic crimes on charges brought by India.
In 2018, the UK Supreme Court declared Vijay Mallya a material offender.
From 2018 to 2022, the UK prosecuted Indian cases for export control.
Vijay Mallya also alleged that Indian prisons were violating human rights.
In 2023, the UK court accepted the Indian sentence, but no action was taken.
On June 6, 2025, Vijay Mallya spoke to Rajshamani for the first time through the podcast “Figuring Out”.
Vijay Mallaiya Dept
Vijay Mallya’s total debt, including interest, is 12,000 crores.
Many of Vijay Mallya’s properties in India have been seized by the government.
Only a few crores are still owed in the bank.
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