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The world’s largest liquor company, Diageo Plc, will not give 2 billion to Vijay Mallya, a proclaimed in India. Diageo had spoken to Mallya for $ 7.5 million under the settlement. Of this, he has received $ 4 Crore. Two executives of this case told that the company will no longer offer the remaining part. Also, Diageo will also take action from Mallya for the rest of his collection.There is also an amount of $ 13.5 million in this arrear, which Diageo gave to Standard Chartered Bank as the conditional guarantee for Watson’s liabilities. Watson is a company affiliated with Mallya Limited.British liquor company Diageo will also be claiming at the Stake of Mallya in Force India Formula One team. That stake was taken as a security for Watson. Owner of Jani Walker Scotch and Samironaf Vodka has given $ 4 million revenues under the settlement of last year, when Mallya had agreed to withdraw from United Spirits Limited. The remaining amount of settlement had to be given in two equal shares in the next few years.
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