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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.
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.
2 days ago · The warrant was related to a cheating case registered by the CBI for alleged diversion of loans availed by the then-operational Kingfisher Airlines from IOB between 2007 and 2012. As per a chargesheet filed in the case in the court recently by the central agency, these credit facilities were issued to the grounded private carrier by the bank under an agreement.
Nov 6, 2021 · In December, 2012 the government also cancelled the license of Kingfisher Airlines. Burden of loans acquired from banks started increasing after that, Vijay Mallya started taking maximum loans from PSU Banks (Public Sector Banks). State Bank of India alone issued a whopping 1600 crore loan to Kingfisher Airlines.
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.
Apr 20, 2020 · The businessman is wanted by the Indian government under charges of financial fraud to the tune of about Rs 9,000 crore in borrowings from several Indian banks by the now-defunct Kingfisher...
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 in...
Jul 29, 2021 · His tweet comes after a British court on Monday granted a bankruptcy order against him, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by Kingfisher Airlines.
Oct 11, 2017 · A PROBE by the Serious Fraud Investigation Office (SFIO) has alleged that Kingfisher Airlines Ltd (KFAL) paid excess sponsorship money to Force India Formula One Team Ltd (FIFOTL), a related party of UB Group, without disclosing the transaction to its lenders and the board of Kingfisher Airlines.
Aug 3, 2023 · The Central Bureau of Investigation (CBI) has sought more time for its investigation against liquor baron Vijay Mallya, his company Kingfisher and others accused in the IDBI-Kingfisher loan scam.
