Mallya quits Whyte & Mackay board

Indian tycoon Vijay Mallya and several prominent directors have quit the board of Whyte & Mackay in a surprise move.

Vijay MallyaAccording to Herald Scotland, Mallya as well as chief executive John Beard and director Ayani Nedungadi have all announced that they will be stepping down with immediate effect.

The move comes barely a month after Diageo acquired a 25% controlling stake in United Spirits.

Mallya was effectively forced into a deal with the British drinks giant after running into financial difficulties – particularly with his airline company, Kingfisher.

Meanwhile, according to The Economic Times, Mallya is now also looking at potential prosecution in India for non-payment of taxes.

The newspaper reported last week that there had been “hints” from the Indian tax department that Mallya could face prosecution for tax evasion.

Apparently Kingfisher Airline has debts of Indian rupee (INR) 1.9 billion, INR 1.2bn of which were related to lawsuits.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Head of Sales and Marketing

The Lyme Bay Cider Co Ltd
UK

Brand Manager

Hatch Mansfield
Ascot, Berkshire

Southern Regional Account Manager

Speciality Drinks
England, UK

Northern Regional Account Manager

Speciality Drinks
England, UK

Fine Wine Buyer

FINE+RARE Ltd
London, UK

Awards Sales Executive – France

Decanter
London, UK

Sales Executive / Brand Ambassador

Elixir Distillers
London, UK

Brand Development Executive

Elixir Distillers
London, UK

Sales Administrator

Company details: Advised on application
London W1

London Account Manager

Speciality Drinks
London, UK

Pink Rosé Festival

Cannes,France
7th Feb 2019

Wine Paris

Paris,France
11th Feb 2019

IBWSS UK

London,United Kingdom
11th Mar 2019
Click to view more

The Global Fortified Masters 2018

Deadline : 25th January 2019

The Global Pinot Noir Masters 2019

Deadline : 1st February 2019

Click to view more

Rioja Masters 2018

View Results

The Global Beer Competition

View Results

Click to view more