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May 31, 2019 · Revenue department of India threatens to take Kingfisher Airlines to court over alleged tax evasion, claiming the company has not deposited taxes it collected from travelers. Lenders give two weeks to come up with a plan to improve operations.
Apr 10, 2020 · Mallya owes a Rs 9,000 crore from 17 Indian banks and is accused of fraud and money laundering cases in the country. In this blog, we will discuss what is the Vijay Mallya’s scam. We will also read the failure reason of Kingfisher airline which is owned by Vijay Mallya. So let’s start the Vijay Mallya Case Study.
Nov 6, 2021 · In January 2017, DRT (Debt Recovery tribunal) made Kingfisher Airlines, UB Group and Vijay Mallya jointly and severally liable for an amount which was 6,963 crores and interest of 11.50% was charged on it.
May 19, 2021 · The business tycoon, owner of the kingfisher brand and an IPL team (RCB), a former member of parliament (Rajya sabha) Vijay Mallaya caught everyone in surprise when his outstanding debt of 9,000 crores came to the limelight. He owed them money to 17 Indian banks and was accused of money laundering and fraud.
Jun 21, 2018 · Fugitive liquor baron Vijay Mallya used Kingfisher Airlines to launder Rs 9,990 crore, the second chargesheet filed by the Enforcement Directorate (ED) revealed. The chargesheet claimed that Mallya entered into a criminal conspiracy, cheated the consortium of banks by way of over invoicing, misrepresentation in diverting the outward remittances ...
Nov 20, 2017 · A probe by the Serious Fraud Investigation Office (SFIO) has found that “all corporate ethics were compromised” in the merger between Vijay Mallya-controlled Kingfisher Airlines Ltd (KFAL) and Deccan Aviation Ltd (DAL).
Jul 5, 2017 · KKR. Swati Maliwal 'Assault' Within 15 minutes, the court issued a fresh non-bailable warrant (NBW) against Mallya (accused number two in remand application) in the Rs 900 crore Kingfisher Airlines Ltd (KAL)-IDBI Bank loan case, under the Prevention of Money Laundering Act (PMLA), 2002.
Jul 29, 2021 · Mallya, who fled to the UK in March 2016, is wanted in India over a default of Rs 9,000 crore that was loaned to Kingfisher Airlines (KFA) by several banks. India has been seeking his extradition from the UK.
Mar 23, 2023 · The CBI, in its chargesheet, stated Vijay Mallya bought properties worth Rs 330 crore in England and France, while his Kingfisher Airlines suffered a cash crunch. Mallya, who owes 17 Indian banks an estimated Rs 900 crore, is accused of fraud and money laundering.
Jul 12, 2022 · Known as the "king of good times", in a reference to his lavish lifestyle, Mr Mallya has fought extradition from the UK to India, where he faces charges including fraud. Mr Mallya who left India...
