Diageo-owned United Spirits Ltd today said it has written off Rs 566 crore in connection with recovery of funds that were "diverted" from the company and its subsidiaries to Vijay Mallya-led UB Group firms, including defunct
On April 20, the court had convicted Mallya and others in connection with bouncing of two cheques of Rs 50 lakh each under relevant sections of Negotiable Instruments Act. It had issued warrants directing the police to produc
ED is soon expected to make a fresh request for Vijay Mallya's extradition under the India- UK Mutual Legal Assistance Treaty (MLAT) in connection with its money laundering probe against the liquor baron in an alleged bank lo
Legal proceedings in India against beleaguered businessman Vijay Mallya has now come to haunt his US-based brewery firm, which is banking on USD 1 million bridge loan promised by his holding firm for survival.
Manmohan Singh, a 54-year-old farmer of a nondescript village here, does not even know who Vijay Mallya is, but his banking facilities have been terminated for standing as "guarantor" for the liquor baron
ED may go for a forensic audit of the electronic platforms on which the accounts and transactions of the group companies of liquor baron Vijay Mallya were being conducted in order to take forward its money laundering probe ag
Captain of the 17 bank consortium, SBI, and the ED today met to thrash out a strategy for recovery of loans worth over Rs 9,000 crore borrowed by liquor baron Vijay Mallya and his now defunct Kingfisher Airlines...