Latest News on Ub Group
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Ub Group - Total results - 59
Dec 11, 2018
Vijay Mallya’s rise and fall: The story of Vittal Mallya’s flamboyant entrepreneur son who became an extradition candidateMallya could perhaps have avoided the ordeal had he chosen to stay back and fight the case. Even now, Mallya owes several months of salary dues to his employees, which has added to the public resentment against him.
Sep 07, 2018
SEBI exempts Diageo Group from making fresh open offer to United Spirits' shareholdersDiageo group was allegedly required to make an open offer due to the status of USL had changed from being an entity jointly controlled by the UB Group and the Diageo to a solely controlled entity of Diageo Group in November, 2015
Jun 19, 2018
Vijay Mallya diverted over Rs 3,700 cr bank loan funds to F1, IPL, for private jet sorties, says ED chargesheetED named Vijay Mallya and his firms - Kingfisher Airlines Limited and United Breweries (United Breweries Holdings Limited) - in its voluminous prosecution complaint filed before a special Mumbai court under the Prevention of Money Laundering Act.
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,