Loan to Kingfisher was used to keep business afloat: Staff
Employees of Vijay Mallya-led defunct Kingfisher Airlines have claimed the sanctioned loan of IDBI Bank was used to ensure that the business stayed afloat. The ₹900 crore loan was accounted for in payments made towards employee salaries, interest charges of banks, and in repaying dues, they said. "Not a single dime has gone towards personal use,” a senior advocate claimed.