New Delhi, Mar 20 (UNI) Accusing Narendra Modi government of ‘siphoning’ off public money to bail out bankrupt private airlines, Congress on Wednesday said that Modi Government is seeking to privatise Air India and on the other hand they are buying a bankrupt private airline with public money.
Addressing mediapersons at AICC headquarters, Congress spokesperson Randeep Singh Surjewala asked “why is Modi Government giving a ‘bailout package’ to a bankrupt corporate entity like Jet Airways owned by foreign investors, out of public money, but not India’s debt ridden farmers?”
Pointing out that there are investigation into financial irregularities and siphoning off funds underway against the ailing private airline, Mr Surjewala said “if there are serious charges, like siphoning of funds, financial irregularities and it entails civil and criminal cases. In such a situation, is it appropriate for the Prime Minister and Finance Ministry to convert Rs 8500 crore debt into equity, and the equity, where the company has declared that it is making a loss of 67 rupees on every share”.