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Diageo asks Mallya to return $ 40 million

Diageo asks Mallya to return $40 million

British Liquor Company Diageo said on Thursdayto return 40 million dollars from Indian businessman Vijay Mallya. This amount was given to Mallya to exit of United Spirits Ltd. $ 50 million (about Rs 515 crore) was given as part of the agreement.Diageo has stopped payment of $7 million a year to Mallya as part of the deal

Liquor company Diageo not to provide 2 Billion to Vijay Mallya

Liquor company Diageo not to provide 2 Billion to Vijay Mallya

For all the Latest news download Daily Post news app:- Click For Android:- Click For IOS:- 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.

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SC finds Vijay Mallya guilty of contempt

The Supreme Court today held businessman Vijay Mallya guilty of contempt of court for transferring USD 40 million to his children in violation of the court’s order. A two Judge Bench of the Supreme Court on Tuesday held that industrialist Vijay Mallya is guilty of contempt for willful disobedience of Supreme Court’s order.The Bench has

Mallya deals bring Diageo under Sebi lens

New Delhi: In brewing troubles for Diageo, markets regulator Sebi is mulling directi+ from whom it had acquired shares under an open offer in 2013 to compensate them for some ‘preferential’ treatment to the erstwhile promoter Vijay Mallya. Diageo contests this demand and plans to file an appeal. However, the regulatory sources said that Sebi