KING OF BAD LOANS

History is replete with instances that whenever a common borrower is unable to pay his debts within the stipulated timeframe, banks swing into action issuing them notices in no time. How come leeway has been provided to Vijay Mallya who owes crores to banks? Mallya should not be allowed to carry on with his extravagant lifestyle cocking a snook at taxpayer’s money. Speculation is rife that he may flee overseas to prevent himself from being dragged into a trial.

NEERAJ RASOTRA, PANCHKULA

II

Your editorial, ‘The good times hangover’ (March 9) is a timely and sound advice to the government regarding the ‘daylight loot’ by influential people like Mallya. Such swindling of public money is not possible without the connivance of bank officials, bureaucrats and politicians. Apart from putting the likes of Mallya in the dock, the government should also zero in on the beneficiaries of Mallya and name, shame and punish them.

AK SHARMA, CHANDIGARH

III

Mallya may not be the only case of bad debt. There may be many skeletons in the closet. The loot started the day banks were nationalised to boost political agenda of the Congress under Indira Gandhi. There was no accountability of either politicians recommending loans or that of bank employees giving loans. The after-effects have started to show as almost all banks are on the verge of bankruptcy.

DEV SONI, JALANDHAR