Vijay Mallya

United Breweries asks Mallya to step down from board

India’s largest beer brewer has asked Vijay Mallya to step down from his position as non-executive chairman of its board, as a consortium of 17 banks continue to pursue the tycoon for debts of US$1.4bn.

Diageo could be forced to buy remaining shares in USL

India's Securities and Exchange Board (Sebi) could force Diageo to buy the 44% of the shares it does not own in United Spirits Limited (USL).

Mallya gives $40m of Diageo payout to kids

Vijay Mallya has gifted $40 million of a $75m payout from Diageo to his children, as 17 banks continue their efforts to recover more than a billion dollars of debt relating to Mallya's now defunct Kingfisher Airlines.

Mallya: USL submits evidence of £151m ‘improper fund diversions’

Diageo-controlled United Spirits has submitted evidence of £151m worth of improper fund diversions to companies controlled by Vijay Mallya when he was chairman of the company to financial authorities.

D-day set for Vijay Mallya

November 2nd, 2015

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