Subramanian Swamy’s ‘Rotten Tata’ jibe after Tata Sons, SpiceJet submit bid for Air India, BJP’s Rajya Sabha MP calls bid ‘fraudulent’

0

BJP’s Rajya Sabha MP Subramanian Swamy has hit out at Ratan Tata after Tata Sons and SpiceJet submitted their respective bids for the Air India sale on Wednesday. Calling the bid ‘fraudulent,’ Swamy that Tata had ‘made a mess of Air Asia.’

“The proposed bid for Air India is rigged—Spice Jet is ab initio disqualified to bid since it has defaulted on payments including to its staff. Let Rotten Tata take over Spice Jet and show he can turn it around. He has made a mess of Air Asia. The proposed bid is fraudulent,” Swamy tweeted.

According to media reports, the bidding process for the takeover of Air India had reached the concluding stage. “Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage,” Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey, was quoted by NDTV.

Ironically, Air India was originally known as Tata Airlines before the Indian government took control of the company in 1953, six years of independence from British rule. JRD Tata, however, remained its chairman until 1977.

The Indian government is seeking to fully privatise the debt-ridden national carrier. There were no takers to a similar move in 2018 when the Modi government decided to sell 76 percent of its stakes in Air India. The winner of the bid would also own the Air India building in Mumbai and Airlines House in Delhi, reported Hindustan Times.

Tata currently runs Vistara, which has also started its international operations. Tata is also responsible for operating AirAsia India in collaboration with Malaysia’s AirAsia.