This refers to the edit “The Kingfisher exemption” (October 10). The edit rightly mentions that the sorry state of affairs at Kingfisher Airlines would not have come to pass if it were not for Mr Mallya’s connections at the highest levels of government. That companies such as Kingfisher and more recently, DLF, have come under a public storm is testimony to the brazenness with which powerful interests shield promoters without any regard for corporate governance or the rule of law. On the one hand, the prime minister speaks of unleashing animal spirits in the economy, and on the other, his government, or private players with deep access to the government, are seen to be in cahoots with crony capitalists. What hope, then, for the hundreds of entrepreneurs hoping to start and run businesses in a policy-driven, sound business environment?
Vikram Johri Mumbai
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