Funny Videos On India Political

Funny Videos On India Political' title='Funny Videos On India Political' />Watch latest videos online on Times of India. Checkout latest videos from India Around the world on Times of India Network. Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from AOL. The Daily Show with Trevor Noah Series Comedy Central Official Site. Funny Videos On India Political' title='Funny Videos On India Political' />Jet meant for airline was diverted for use by Mallya and his political friends SFIO reportWritten by Khushboo Narayan. Mumbai. Updated October 8, 2. An Airbus corporate jet was bought when Kingfisher Airlines was in deep trouble. A probe by the Serious Fraud Investigation Office SFIO has found that Kingfisher Airlines Ltd KFAL purchased an Airbus corporate jet A3. November 2. 00. 6 but it was allegedly diverted for personal use of company chairman Vijay Mallya and his family members as well as political and personal friends. The jet, the SFIO noted, was purchased when the financial position of the airline was precarious and the entire share capital including reserves were completely eroded. According to SFIO report, the KFAL applied in February 2. Ministry of Civil Aviation MOCA, seeking a no objection certificate NOC for import of a jet, now registered as VT VJM. But the airline, the SFIO found, also applied to the MOCA for a separate NOC to use the same jet for overseas travel of Mallya, senior employees of UB Group and for VVIP tourism and chartered trips to various destinations world over. The NOC was also sought on the ground that surplus income would be generated from operations of the corporate jet. Kingfisher financed the purchase through a financial lease agreement with a firm in Cayman Islands. Ap7am Video News All offers important Telugu Videos, All Videos, Tollywood Videos and National Videos with a brief description in English. Subscribe to Print Get our Best Deal Get a print subscription to Readers Digest and instantly enjoy free digital access on any device. The SFIO report said Kingfisher capitalised the purchase cost of Rs 2. It also booked the lease interest, lease rentals and operational expenses. Also Read  Vijay Mallya bought silence, influence, with freebies to politicians, officials, directors Fraud Office. The SFIO investigation showed that the jet was never used for non scheduled air transport passenger services, as claimed before the Directorate General of Civil Aviation DGCA and MOCA. Cisco Press Sip Trunking Pdf. The jet was mainly used as a personal carrier for Mallya, the report stated. It was extensively used by the family members as well as political and personal friends of VJM Vijay Mallya as evidenced by the passenger manifest of this aircraft provided by Airports Authority of India AAI, Western Region, Mumbai vide its letter dated 1. SFIO report stated. Y3-7U0i8cEQ/0.jpg' alt='Funny Videos On India Political' title='Funny Videos On India Political' />Rediff. Indias leading website for all the latest world and Indian political news headlines and stories in India. It said that Kingfisher did not raise any invoice to recover expenses for Mallyas travels when he did so on account of work related to other UB Group firms. Read  Kingfisher struck deals with board directors SFIO report. When contacted by The Sunday Express, Mallyas spokesperson said they did not have any comment to offer. The SFIO has charged Mallya, United Breweries Holdings Limited UBHL and a few top officials of Kingfisher under section 5. Companies Act 1. 95. It has also referred the case to the Central Board of Excise and Customs CBEC for recovery of tax dues from the promoter directors of KFAL as their personal liability in view of fraudulent conduct of business and in respect of any concessions passed and recovery of the duty forgone for the jet as a chartered services aircraft which was used as a personal carrier. Currently, the jet VT VJM is in the custody of the Service Tax department. In December 2. 01. Rs 4. 00 crore tax dues of the company. The Bombay High Court has given its nod for auction of the jet but the Service Tax department has not been able to sell it for lack of a satisfactory bid. For all the latest India News, download Indian Express App.