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Exclusive: Jet Airways deal will put country's airports at risk


Exclusive: Jet Airways deal will put country s airports at risk
© Provided by Zee Business
Attempts to take over Jet Airways, which has been shut due to losses, have intensified. The winning bid was made by Jalan-Kalrock consortium, owned by Murari Lal Jalan, an Indian-origin businessman based in Dubai. 
The Jalan Group is primarily involved in the construction business. Jalan-Kalrock consortium prepared a resolution plan to take over Jet Airways and in October 2020 and submitted it to Jet Airways Committee of Creditors (CoC). The CoC has given approval to the plan.  
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Are the infamous Gupta brothers of South Africa secretly buying Jet Airways?  ....

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Exclusive: Are the infamous Gupta Brothers of South Africa secretly buying Jet Airways?


Highlights
Gupta brothers are facing serious allegations of corruption
Gupta brothers close relative Akash Garg has business deals with Jalan
New Delhi: Are the Gupta Brothers of South Africa backing Murari Lal Jalan who bid to buy Jet Airways? Gupta brothers are facing many cases of corruption, bribery in South Africa and the United States has banned any business dealings with them. 
1. Murari Lal Jalan has given insufficient information to buy Jet Airways.
2. Murari Lal Jalan has total assets of about Rs 1000 crores but he is buying a company (Jet Airways) that was under a debt of  Rs 17000 crores at the time of the closure of its operations. ....

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