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Diageo chases US$185m in United Spirits fund diversions linked to Vijay Mallya

2016-07-11 15:29:00| Daily beverage news and comment - from just-drinks.com

Diageo's United Spirits division in India has identified almost US$185m-worth of "improper transactions" involving its former chairman, Vijay Mallya.

Tags: united fund linked spirits

 

India asks UK to deport Vijay Mallya

2016-04-28 17:11:54| BBC News | Business | UK Edition

The Indian government has asked the UK to deport Vijay Mallya, the former head of Kingfisher Airlines, who is thought to be in London.

Tags: india asks vijay asks india

 
 

Vijay Mallya Case: Diageo PLC files objections against DRT Order

2016-04-05 19:45:05| Beverages - Topix.net

DRT had barred Vijay Mallya from withdrawing USD 75 million exit payment from Diageo till the disposal of the case over the loan default by Kingfisher Airlines. British liquor giant Diageo and two of its subsidiaries today filed their objections in the Debt Recovery Tribunal here against its last month order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit payout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.

Tags: order case files plc

 

Vijay Mallya says 'not an absconder'

2016-03-11 10:57:02| BBC News | Business | UK Edition

Heavily indebted Indian drinks baron Vijay Mallya criticises what he calls 'a media witch hunt' against him and his business interests.

Tags: vijay mallya

 

Mallya should be barred from leaving India: Banks to SC

2016-03-08 14:59:04| Beverages - Topix.net

A tribunal on Monday temporarily halted a $75-million settlement due to be paid by spirits giant Diageo Plc to Mallya after he resigned as chairman of Diageo unit United Spirits. he Supreme Court on Tuesday agreed to hear on Wednesday a plea filed by a consortium of 17 public sector unit banks seeking a direction that industrialist Vijay Mallya be restrained from leaving India.

Tags: to india sc leaving

 

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