Mumbai: The Air India management dressed up the airline’s balance sheet with “accounting loopholes” and “deception” to inflate receivable rents to make its losses look smaller with respect to its former headquarters in Nariman Point, a book titled The Descent of Air India, written by the airline’s former executive director Jitendra Bhargava, has alleged.
The airline’s 23-storey building has been operational since 1974. Earlier this year, AI shifted its base to Delhi.
Bhargava has documented AI’s decline, focussing on the 2004-08 period when former civil aviation minister Praful Patel and then chairman V Tulsidas were at the helm.Tulsidas, who is currently on a visit to Muscat, was unavailable for comment.
On Tuesday, in an newspaper column, Tulsidas had refuted the allegations and, without naming the author or the book, had claimed that the senior official in question was removed twice by him from the posts HR and PR chief due to inadequate performance.
Read News in Full 24/10/13 Shahkar Abidi/Daily News & Analysis
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