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Mallya default case : Diageo says DRT has no power to attach $40 million

Apr 22, 2016

Mallya default case : Diageo says DRT has no power to attach $40 million

Diageo plc on Thursday challenged Debt Recovery Tribunal's power to direct it to deposit USD 40 million, a part of USD 75 million payout package signed with liquor baron Vijay Mallya who is facing a multi-agency probe including for alleged money laundering. #Kingfisher Airlines #Money laundering #Vijay Mallya #Diageo #DRT
Mallya may be facing heat over loan defaults, but still gets Rs 1.7 cr pay package from US firm

Apr 18, 2016

Mallya may be facing heat over loan defaults, but still gets Rs 1.7 cr pay package from US firm

More than half of Mallya’s total package for 2015 has been paid by California-based Mendocino Brewing Company Inc to him for “promoting” the company’s beer brands #Kingfisher Airlines #Vijay Mallya #Diageo #UB Group #United Spirits #Loan defaults #United Breweries (Holdings) #California-based Mendocino Brewing Company #Kingfisher Premium Lager
Debt-ridden US brewery firm paid Mallya Rs 1.7 crore as salary in 2015

Apr 17, 2016

Debt-ridden US brewery firm paid Mallya Rs 1.7 crore as salary in 2015

More than half of Mallya's package for 2015 was paid by California-based Mendocino Brewing Company Inc to him for "promoting" the company's beer brands. #NewsTracker #Vijay Mallya #Diageo #United Breweries #Mendocino Brewing Company #UBHL
Will retire from Chairmanship of Sanofi India: Mallya

Mar 23, 2016

Will retire from Chairmanship of Sanofi India: Mallya

Beleaguered liquor baron Vijay Mallya today announced he will retire as Chairman of Sanofi India and will not seek reelection as a director of the drug make #Vijay Mallya #Diageo #United Spirits #Sanofi India #directorship
Jaitley on Mallya: He brought 'terrible name' to India Inc, how long can you lead a life like this?

Mar 22, 2016

Jaitley on Mallya: He brought 'terrible name' to India Inc, how long can you lead a life like this?

Hinting that Mallya's case was not a simple case of bad business environment, the finance minister said it might not have been just a clean business failure #NewsTracker #Arun Jaitley #Vijay Mallya #Diageo #United Spirits #wilful default #Bank NPAs
Sebi widens probe into Vijay Mallya firms, sees insider trading evidence in Diageo deal

Mar 21, 2016

Sebi widens probe into Vijay Mallya firms, sees insider trading evidence in Diageo deal

Sebi has widened its probe into dealings of Vijay Mallya-led UB Group, including in its own shares and with UK-based Diageo and other foreign players #NewsTracker #SEBI #Insider trading #Vijay Mallya #Diageo #Serious Fraud Investigation Office #United Spirits #sweetheart deal
Heineken eyes control of Vijay Mallya's United Breweries

Mar 17, 2016

Heineken eyes control of Vijay Mallya's United Breweries

Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India's largest brewer, three people with direct knowledge of the plan told Reuters. #Kingfisher Airlines #Vijay Mallya #Diageo #Heineken #stake #United Breweries
Mallya moves Mumbai Police cyber cell against Sunday Guardian 'fake' interview

Mar 15, 2016

Mallya moves Mumbai Police cyber cell against Sunday Guardian 'fake' interview

Standing by its report, the newspaper had uploaded the email-trail with Mallya on its website. #Business #NewsTracker #Kingfisher Airlines #SBI #Vijay Mallya #Diageo #Sunday Guardian #MD Nalapat
Vijay Mallya case: CBI under fire; says it erred on look-out circular

Mar 12, 2016

Vijay Mallya case: CBI under fire; says it erred on look-out circular

The CBI had changed the nature of look-out notice against Mallya from seeking his detention to merely providing information about his travel plans. #Congress #NewsTracker #CBI #Arun Jaitley #Vijay Mallya #Kingfisher #Diageo #IDBI Bank #Ladywalk #Look Out Notice #Tewin