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Thursday 28 July 2016 loc: GB

Vijay Mallya

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.

Monday, July 11th, 2016 No Comments »

Mallya summoned to money laundering court

Former United Spirits owner Vijay Mallya has been ordered to appear in person before a Mumbai anti-money laundering court on 29 July.

Thursday, June 30th, 2016 1 Comment »

Arrest warrant issued for Mallya

Indian authorities have issued an arrest warrant against Vijay Mallya, the former head of United Spirits, just days after freezing his passport.

Tuesday, April 19th, 2016 No Comments »

United Spirits seeks to declare itself ‘sick’

United Spirits, India’s market leader in spirits in which Diageo holds a controlling 55% stake, wants its shareholders to declare the company “sick”.

Monday, January 4th, 2016 No Comments »

D-day set for Vijay Mallya

Shareholders in Diageo-controlled United Spirits Limited (USL) have set a date on which they will decide the fate of company chairman Vijay Mallya.

Monday, November 2nd, 2015 No Comments »

Diageo in £315m threat to USL shares

Diageo could stand to lose shares worth £315 million from its Indian subsidiary United Spirits (USL) if “adverse” rulings are taken on legal proceedings against its former holding company.

Monday, September 14th, 2015 No Comments »

Diageo’s battle with Mallya boils over

A battle has erupted between Diageo and Vijay Mallya over his position as chairman of United Spirits, after a report has alleged past financial irregularities in the company’s accounts.

Monday, April 27th, 2015 No Comments »

USL appeals for shareholder approval

India’s biggest spirits group United Spirits is to try again for shareholder approval to produce and market Diageo brands in the subcontinent.

Thursday, December 18th, 2014 No Comments »

Vijay Mallya re-appointed USL chairman

Vijay Mallya has been re-elected chairman of United Spirits despite being declared a “wilful defaulter” last month.

Wednesday, October 1st, 2014 No Comments »

Mallya suffers as USL take on exports

Diageo-led spirits producer United Spirits has blocked a key revenue stream for the beleaguered UB Holdings by taking control of exports.

Monday, September 15th, 2014 No Comments »

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