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The Enforcement Directorate will soon send a Letter Rogatory (LR) to six countries, including France, Singapore, Mauritius, Ireland, USA and United Arab Emirates (UAE), after it has been established that fugitive former liquor baron Vijay Mallya has set up shell companies. According to the ED Mr. Mallya has set up 13 shell companies through which over Rs 1,300 crore has been laundered.A two member team of ED has also reached London with documents and charge sheet, which will be submitted to Crown Prosecution office which is fighting the case of Mallya’s extradition.The former liquor baron who is facing multiple case in India has been living in London since March 2016 after he fled the country to avoid arrest.Meanwhile, British liquor giant Diageo has decided to withhold remaining USD 35 million due to Mallya as part of the USD 75 million (Rs 515 crore) deal for his exit from United Spirits Ltd.Diageo had last year paid USD 40 million to Mallya as part of its payout package.“They have decided not to pay the remaining USD 35 million as there was a violation of terms of the agreement by the other side,” a source told PTI on the condition of anonymity.The British liquor giant was supposed to pay the remaining USD 35 million in two equal amounts. In July 2016, United Spirits disclosed Rs 1,225.3 crore worth fund diversion and improper transactions with entities associated with Mallya including Kingfisher Airlines and his Formula One team.Making it clear that the settlement reached earlier with Mallya would cover the latest disclosures, USL, which is now controlled by Diageo, had said the former Chairman would be liable for claims over the amount.
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