Vijay Mallya

Paradise Papers: United Spirits' books had several loopholes; firm now transparent in disclosures, says Diageo

The British firm has clarified that USL has streamlined all the processes and works in tandem with lawful business practices.

Nov 7, 2017

Indian govt holds talks with UK administration on Vijay Mallya extradition

Kiren Rijiju, Minister of State for Home Affairs, led the Indian delegation, which discussed the issue in details with the UK delegation led by Minister of State for Immigration Brandon Lewis.

Nov 7, 2017

Paradise Papers: Files name 714 Indian citizens and firms; Appleby calls leak 'a serious criminal act'

The trove of 13.4 million files also names Colombian President Juan Manuel Santos, singers Bono and Madonna, Bollywood star Amitabh Bachchan, and numerous other global politicians.

Nov 6, 2017

'The Raymond Man' Gautam Singhania to represent India in FIA replacing Vijay Mallya

The Federation of Motor Sports Clubs of India (FMSCI) has elected Gautam Singhania to the post with seven votes for and just one vote against.

Oct 17, 2017

Vijay Mallya firms had business with company named in Panama Papers, UK probe finds

SFIO said in its report that an overseas subsidiary of United Breweries based in the British Virgin Islands, bought 1.67 crore shares of Kingfisher Airlines, nine days before it got merged with Deccan Aviation for Rs 50.02 crore.

Oct 16, 2017

Vijay Mallya laundered Rs 500 crore of Rs 900 crore IDBI loan, bought home in London with borrowed money

Mallya diverted the loan money to at least seven countries, including the US, the UK, France, Switzerland and Ireland. Read to know how the details came out.

Oct 5, 2017

Vijay Mallya arrested in London on money laundering charges, gets bail

Indian businessman Vijay Mallya will reportedly be produced in the Westminster Court on Tuesday.

Oct 3, 2017

More trouble: Vijay Mallya moved Rs 6,000 crore to shell companies

The money was allegedly diverted to shell companies in seven countries, including the US and UK.

Sep 25, 2017

Vijay Mallya's confiscated shares worth Rs 100 crore transferred to govt: Report

The ED is in a process of confiscating assets of Mallya in connection with the defaulted loan of over Rs 6,000 crore by Kingfisher Airlines.

Sep 18, 2017

Vijay Mallya ousted from directorship of United Breweries

Market regulator SEBI, had in January this year, directed United Spirits to detail steps taken to recover diverted money of Rs 1,880.8 crore from Mallya.

Aug 11, 2017

Vijay Mallya's exit uncorks new salary highs at United Spirits

USL has more crorepati employees than Infosys and most FMCG biggies

Aug 7, 2017

British liquor giant Diageo asks Vijay Mallya to return Rs 260 crore

Diageo has stopped payment of Rs 45.5 crore ($7 million) a year to Mallya as part of the deal and sought compensation for the losses incurred by it.

Jul 28, 2017

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team.

Jul 17, 2017

Supreme Court to sentence Vijay Mallya for contempt after he is extradited to India

The Supreme Court on Friday said it would sentence Vijay Mallya in a contempt of court case after the Central government gets him extradited back to India. Read to know more.

Jul 14, 2017

Washing up: Vijay Mallya laundered Rs 1,301.67 crore, says Enforcement Directorate

The agency alleged that the only purpose of 13 shell companies under Mallya's control was to either obtain loans or launder money.

Jul 13, 2017

The noose is tightening around Vijay Mallya - Are bad times awaiting the "King of good times"? [VIDEO]

The liquor baron Vijay Mallya escaped to the United Kingdom in the year 2016. Now a London court is also hearing a case regarding his extradition.

Jul 10, 2017

Hand 'em over: Narendra Modi meets Theresa May, urges extradition of Vijay Mallya-like runaways

Liquor baron Vijay Mallya is sought by India after his doomed airline Kingfisher defaulted on several bank loans amounting to nearly Rs 9,000 crore.

Jul 8, 2017

CBI files 2,000-page dossier as evidence in Vijay Mallya extradition case, next hearing on September 14

The 61-year-old fugitive liquor baron will have to be extradited within two months if the court judgment goes against him.

Jul 6, 2017

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017

All froth, no growth: Vijay Mallya never planned to repay Kingfisher loan, says CBI

Agency accuses him of seeking a SBI loan on the Kingfisher brand using deliberately exaggerated financials, different from that supplied to lending banks earlier.

Jun 30, 2017