Search results
Apr 10, 2020 · Vijay Mallya is the chairman of United Spirits. 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.
Apr 1, 2020 · From Vijay Mallya to PNB Scam, here are 9 of the biggest scams in India that shook the nation from its core. 1. Vijay Mallya – Rs. 9000 Crore. There was a time when people used to call him the ...
Occupation. Businessman. politician. Signature. Nickname. King of Good Times [3] [4] Vijay Vittal Mallya (born 18 December 1955) is an Indian fugitive former businessman [5] and politician. [6] [7] He is the subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India.
Oct 28, 2020 · Negligence of Banks. A controversy also surfaced when it came to the means used and collateral by the banks or their officials to provide Mallya with these loans. As shown above, BOI had lent a loan of 300 crores to Vijay Mallya on commodities like office stationery, boarding pass printers, and also folding chairs as collateral.
Jun 3, 2024 · In Short. Businessmen involved in multi-million dollar scams, such as Nirav Modi, Mehul Choksi and Vijay Mallya, were able to flee the country because probe agencies failed to arrest them at the proper time, a special court here said recently. Special judge M G Deshpande made the remark while hearing a plea of an accused booked under the ...
Jul 27, 2021 · A timeline of Mallya’s venture and how courts in the UK got involved. Mallya, 65, was the chairman of Bangalore-based United Breweries Holdings Limited (UBHL) and also owned Kingfisher Airlines, which was launched in the year 2003. The airline started operations in 2005, initially as a single-class (economy) carrier.
Feb 24, 2022 · "It is submitted that timely attachment of proceeds of crime has led to attachment of assets worth of Rs 19,111.20 crore out of total fraud of Rs 22,585.83 crore by three fugitive offenders namely Vijay Mallya, Nirav Modi, and Mehul Choksi," Mehta has said in his note filed before the bench, which also comprised Justices Dinesh Maheshwari and C ...
Vijay Mallya fled to the UK in 2016 following the charges of bank loan default. (HT PHOTO) A bench, headed by Justice Uday U Lalit, also directed Mallya to deposit $40 million with the court ...
Jun 23, 2021 · NEW DELHI: About 40 per cent of the money lost by banks in the PNB scam and the fraud linked to fugitive businessman Vijay Mallya's defunct Kingfisher Airlines has been realised by way of sale of ...
Jun 3, 2024 · A Special PMLA court in Mumbai said that fugitive Indian businessmen Nirav Modi, Vijay Mallya, and Mehul Choksi fled the country because the investigating agencies failed to arrest them at the ...
