Latest News on Ub Group
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Ub Group - Total results - 60
Dec 05, 2017
Extradition case: Vijay Mallya misled banks and misused loans, has a prima facie case, India tells UK courtThe Crown Prosecution Service presented an email written by Mallya in December 2009 justifying the use of loans to "achieve round robins", confirming that he was open to using money received from banks for Kingfisher Airlines to repay other banks to settle overdue bills and charges.
Nov 21, 2017
Vijay Mallya extradition: Expert witness raises concerns about lack of independence in ED, CBIIn a statement to the court hearing Vijay Mallya's extradition case, an expert, Lawrence Saez, has said that Indian criminal investigations lack integrity.
Sep 25, 2017
Vijay Mallya diverted most of Rs 6,000 cr loan via shell firms; CBI, ED to give details to UK courtVijay Mallya diverted most of Rs 6,000 cr loan via shell firms; CBI, ED to give details to UK court
Jul 14, 2017
IDBI Bank loan case: Vijay Mallya laundered over Rs 1,300 cr through 13 shell cos, says EDThe ED said its "money trail analysis revealed that out of the total loan of Rs 860.92 crore, sanctioned and disbursed by IDBI, Rs 423 crore has been remitted out of India.
Jan 23, 2017
Vijay Mallya case: CBI sleuths visit UB Group offices in Bengaluru"A CBI team visited the UB Group offices in Bangalore (Bengaluru) today and we are fully cooperating with them," the spokesperson said.
Sep 20, 2016
Heineken ups stake in United Breweries; how long can Vijay Mallya hold on?With Mallya distracted by debts from a collapsed airline venture, this could be a timely grab by Heineken in a market that is growing much faster than the global average.
Sep 19, 2016
Vijay Mallya has "full control" of UB Holdings despite moving to UK, gets Rs 1.6 cr remunerationIn its annual report, United Breweries Ltd (UBL) has disclosed sitting fees totalling Rs 2.9 lakh and commissions worth Rs 2.83 crore to Mallya,
Aug 18, 2016
Vijay Mallya saga: With govt invoking a 21-yr old treaty, the man is now an urban legendThe investigative agencies have done everything possible to nail Mallya, including prompting the external affairs to cancel his passport
Aug 04, 2016
Kingfisher House auction failed to yield a single bidder yet againBankers said they may have to further lower the reserve price -- which was set at Rs 150 crore in the earlier failed auction in March -- to get any prospective buyer
May 08, 2016
Sebi fears grave irregularities, expands probe in Mallya firmsSebi is also probing any possible violation of norms aimed at checking fraudulent and unfair trades and comprising the interest of minority shareholders.