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flag Former Kingfisher Airlines owner Vijay Mallya blames financial crisis and advice against cuts for airline's collapse.

flag Vijay Mallya, the former owner of Kingfisher Airlines, has blamed the 2008 global financial crisis and former Finance Minister Pranab Mukherjee's advice against downsizing for the airline's collapse. flag In a podcast, Mallya apologized to former employees and claimed he tried to pay their salaries but was hindered by banks and courts. flag Despite his apologies, Mallya faces fraud and money laundering charges in India.

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