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About 13 results for "vijay mallyarsquo"

913 wilful defaulters owe Rs 11,486 crore to PNB
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913 wilful defaulters owe Rs 11,486 crore to PNB

The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya’s Kingfisher Airlines with an outstanding of Rs 597.44 crore.  The list includes embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore. (PNB), the nation’s second biggest state-run lender, on Tuesday declared a list of 913 wilful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs 11,486 ... Rediff.com, 1 month ago

1 images for "vijay mallyarsquo"

Business Standard India, 3 weeks ago
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UB board to keep faith in Mallya, for now

The United Breweries board would continue to maintain confidence in UB Chairman Vijay Mallya unless he was convicted or asked to step down to conform with regulatory requirements, said Kiran Mazumdar-Shaw, an old friend of Mallya and an independent board member at UB. “If they are willing to offer me safe passage, I am willing to come and answer all questions,” Mazumdar-Shaw, recalled him as saying. “I feel I’m being victimised, so, right now, I’m in no position to ...
 Rediff.com2 months ago
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ED to ask depositories to freeze shares owned by Vijay Mallya

The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.     The Enforcement Directorate (ED) is working on ways to ensure that transactions such as the one industrialist Vijay Mallya struck with Diageo for Rs 500 crore (Rs 5 billion) don't take place in future. It will shortly ask national depositories to freeze the shares owned by Mallya in listed companies, two persons familiar with the ...
 Rediff.com2 months ago
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House panel recommends Mallya's expulsion from RS

Independent member of Parliament and liquor baron Vijay Mallya is all set to face expulsion from Rajya Sabha, with a Parliamentary panel examining the matter related to his alleged loan default of over Rs 9,400 crore rupees, on Tuesday unanimously favouring such action. At the same time, the Ethics Committee of Rajya Sabha headed by veteran Congress leader Karan Singh, decided to give Mallya one week time to explain his conduct, which the members said is a ‘procedural formality’. In ...
 Rediff.com2 months ago
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United Spirits shows proof of Mallya's fund diversion

USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson. United Spirits Limited (USL), majority owned by British liquor major Diageo, has given evidence to regulators and investigation agencies of fund diversion to the tune of Rs 1,225 crore (Rs 12.25 billion) from the company under Vijay Mallya. “It is fairly voluminous report and we have given copies to all regulators as a board and the company. We do not ...
 Rediff.com1 week ago
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Mallya denies Diageo's fund diversion charges

'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said. A day after United Spirits  (USL) accused Vijay Mallya  (pictured) of funds diversion worth Rs 1,200 crore (Rs 12 billion) from the company when it was managed by the UB Group chief, the latter denied the new charges. In a statement, Mallya said he had no knowledge of the additional enquiry conducted by the audit firm, EY. “I have absolutely ...
 Rediff.com1 week ago
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United Spirits says it has found fund diversions by Mallya entities

Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman United Spirits Limited (USL), owned by British beverage giant Diageo, on Saturday said it found evidence of funds diversion worth Rs 1,225 crore from the company when it was managed by Vijay Mallya. In a statement to the stock exchanges, United Spirits said a follow-up investigation by E&Y found that Mallya diverted funds to Kingfisher Airlines, Force India Ltd and Watson ...
 Rediff.com1 week ago
Rediff.com

Service tax dept begins e-auction for Mallya's luxury jet

The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.     The service tax department is in the process of auctioning beleaguered industrialist Vijay Mallya’s luxury jet Airbus 319, in Mumbai, in a bid to recover part of the Rs 800-crore (Rs 8 billion) service tax due from the now defunct Kingfisher Airlines. “There are four foreign companies that have registered for the bid process of which one UAE-based ...
 Rediff.com3 weeks ago
Rediff.com

ED attaches UB Holdings, Mallya assets worth Rs 1,411 cr

Enforcement Directorate to approach court to attach industrialist’s properties worth Rs 4,000 crore The Enforcement Directorate (ED) has attached nine assets of beleaguered industrialist Vijay Mallya and United Breweries Holdings Ltd (UBHL) worth Rs 1,411 crore (Rs 14.11 billion) under anti-money laundering laws in connection with the Rs 950-crore (Rs 9.5 billion) IDBI Bank loan fraud case. Mallya owns 52.3 per cent stake in UBHL, both personally as well as through firms such as Watson ...
 Rediff.com1 month ago
Rediff.com

Interpol questions Red-Corner Notice against Mallya

The enforcement agency had received queries from the Interpol to this effect in May last week. Interpol has sought reasons from the Enforcement Directorate (ED) on why a Red-Corner Notice (RCN) should be issued on liquor baron Vijay Mallya, who is facing a probe related to alleged money laundering in India. An RCN is issued “to seek the location and arrest of wanted persons with a view to extradition or similar lawful action” in a criminal case probe. The enforcement agency had ...
 Rediff.com1 month ago
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