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Vijay Mallya refutes USL's allegations on fund diversion

Vijay Mallya refutes USL's allegations on fund diversion

A day after United Spirits disclosed Rs 1,225 crore fund diversion by the erstwhile promoters to entities linked to Vijay Mallya, the embattled businessman today said all transactions were "legal and above board" and the company was now making "unfounded allegations".

 United Spirits enquiry reveals Vijay Mallya and his firms diverted over Rs 1,225.30 crore

United Spirits enquiry reveals Vijay Mallya and his firms diverted over Rs 1,225.30 crore

In an additional enquiry, United Spirits Ltd (USL), the Diageo Plc-controlled company, said that Vijay Mallya and his firms have diverted funds over Rs 1,225.30 crore between October 2010 and July 2014.

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

A Delhi court on Saturday cancelled the exemption granted to liquor baron Vijay Mallya from personal appearance in a case lodged for allegedly evading summons in connection with a FERA violation case.

Vijay Mallya makes rare public appearance in Silverstone

Vijay Mallya makes rare public appearance in Silverstone

Embattled Indian business tycoon Vijay Mallya today made a rare public appearance in the United Kingdom as he attended the Free Practice sessions ahead of Sunday's British Grand Prix, here.

Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL

Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL

The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.

Mallya case: Dutch beer major files application before DRT

Dutch beer major Heineken has filed an application before the Debt Recovery Tribunal seeking to be impleaded in the Vijay Mallya case.

Vijay Mallya tweets defence after ED attaches his properties

Vijay Mallya tweets defence after ED attaches his properties

After his properties worth Rs 1,411 crore were attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case beleaguered businessman Vijay Mallya tweeted his defence.

ED attaches Mallya's properties worth Rs 1,411 cr; beleaguered businessman tweets defence

ED attaches Mallya's properties worth Rs 1,411 cr; beleaguered businessman tweets defence

In the latest, properties worth Rs 1,411 crore belonging to Vijay Mallya have been attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case.

ED moves special PMLA court to declare Vijay Mallya a proclaimed offender

ED moves special PMLA court to declare Vijay Mallya a proclaimed offender

ED on Friday moved a special PMLA court in Mumbai seeking to declare liquor baron Vijay Mallya a proclaimed offender in connection with its money laundering probe against him in an alleged bank loan fraud case.

Cheque bounce case against Vijay Mallya adjourned to July 5

Cheque bounce case against Vijay Mallya adjourned to July 5

A local court today adjourned to July 5 its order on two cheque bounce cases filed against beleaguered industrialist Vijay Mallya and Kingfisher Airlines by GMR Hyderabad International Airport Ltd.

Vijay Mallya PMLA case: Interpol seeks clarifications from ED

Vijay Mallya PMLA case: Interpol seeks clarifications from ED

Interpol has sought some "clarifications" from the ED before it issues a global arrest warrant against liquor baron Vijay Mallya wanted by the probe agency in a money laundering case emerging from a Rs 900 crore alleged bank loan fraud.

Vijay Mallya seeks dismissal of ED's plea seeking his presence

Vijay Mallya seeks dismissal of ED's plea seeking his presence

Liquor baron Vijay Mallya today sought dismissal of Enforcement Department's (ED) plea for withdrawal of an exemption granted to him from personal appearance by a Delhi court in a case lodged for allegedly evading summons in connection with FERA violation case.

Vijay Mallya's India woes now troubling his US beer firm

Vijay Mallya's India woes now troubling his US beer firm

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.

Watch! Glimpses of Vijay Mallya's Goa Villa

Watch! Glimpses of Vijay Mallya's Goa Villa

On May 13, bankers led by SBICAP Trustee seized Vijay Mallya’s villa in Goa.

Vijay Mallya's Rs 90 crore Kingfisher Villa in Goa seized by SBI

Vijay Mallya's Rs 90 crore Kingfisher Villa in Goa seized by SBI

Bankers led by SBICAP Trustee have taken possession of Vijay Mallya’s villa in Goa.

 

More trouble for Vijay Mallya: CBI writes to Interpol; seeks red corner notice

More trouble for Vijay Mallya: CBI writes to Interpol; seeks red corner notice

CBI has written to Interpol Headquarters on Enforcement Directorate's request to seek Red Corner Notice against Vijay Mallya 

Sebi expands investigation into financial dealings of Vijay Mallya's listed companies

Sebi expands investigation into financial dealings of Vijay Mallya's listed companies

Market regulator Sebi has extended investigation into possible siphoning of funds by the promoters of various listed companies of Vijay Mallya-led UB Group.

Rajya Sabha ethics panel recommends expulsion of Vijay Mallya with immediate effect

Rajya Sabha ethics panel recommends expulsion of Vijay Mallya with immediate effect

This is Mallya's second term in Rajya Sabha and it would have otherwise come to an end on July 1.

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovering dues: Uday Kotak

Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.