Wants details of Vijay Mallya's transactions over 4 years The Securities and Exchange Board of India (Sebi) has written to a UK regulator, the Financial Conduct Authority (FCA), for information on alleged fund diversion by Vijay Mallya and his associate companies from United Spirits Limited (USL). In July, Diageo-controlled USL had said an inquiry against Mallya, former chairman, and his companies had revealed Rs 1,225 crore (Rs 12.25 billion) of fund diversion. Market regulator Sebi is probing ... Rediff.com, 2 months ago
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For almost all the properties owned by Vijay Mallya, the reserve price has been marked down after the earlier attempts failed to attract bidders. As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore (Rs 7 billion) of the embattled businessman’s long-defunct Kingfisher Airlines. The items waiting for the right bidders are plenty -- the erstwhile headquarters Kingfisher House near ...Rediff.com, 2 months ago
The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12. Vijay Mallya would continue to be chairman of United Breweries (UB), majority stake held by Dutch beverage maker Heineken, after a legal panel gave its affirmation for the liquor baron to continue in office. The board of directors will review the position of Mallya, under self-exile in Britain, at its next meeting on August 12. The Economic Times first reported the ...Rediff.com, 2 months ago
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