Page 28 - Latest Updates on Vijay Mallya
ED preparing for Letters Rogatory in Mallya-Kingfisher Airlines probe
The agency, meanwhile, has also written to the RBI to understand the nuances of a 2010 policy decision to widen the corporate debt restructuring scheme to include the aviation sector
 "ED preparing for Letters Rogatory in Mallya-Kingfisher Airlines probe")
Vijay Mallya's craft beer firm brews fresh funding in US
California-based Mendocino Brewing Company, which sells a number of beer brands including Kingfisher in the US, has got Mallya as its Chairman and is owned by UB Group through a complex shareholding s
 "Vijay Mallya's craft beer firm brews fresh funding in US")
ED preparing for LRs in Vijay Mallya's money laundering probe
Investigators are looking at countries like South Africa, UK, USA, Hong Kong, France, as part of its probe conducted till now in the case
 "ED preparing for LRs in Vijay Mallya's money laundering probe")
ED issues final summons to Mallya
Mallya, who was scheduled to appear on April 2, had asked for a month's time; if he fails to appear on April 9, agency will seek a non-bailable warrant
 "ED issues final summons to Mallya")
Service tax dept to auction Vijay Mallya's planes: CBEC
Total disputed liability of Mallya with respect to service tax to the tune of Rs 535 cr
 "Service tax dept to auction Vijay Mallya's planes: CBEC")
Vijay Mallya not to appear before ED today
He has sought an extension from Enforcement Directorate up to May
 "Vijay Mallya not to appear before ED today")
ED to issue third summons to Vijay Mallya
This is the second time that Mallya has been asked to present himself before the ED
Should banks accept Mallya's Rs 4,000-cr offer?
Mallya has offered Rs 4,000 crore as full-and-final settlement, whereas so far, banks have recovered about Rs 2,500 crore from the UB Group chairman
Vijay Mallya submits Rs 4,000-crore settlement plan to Supreme Court
Liquor baron offers to pay the amount by September 2016; SC asks banks to respond within a week
 "Vijay Mallya submits Rs 4,000-crore settlement plan to Supreme Court")
Pay dues honourably or face coercive action: FM to Vijay Mallya
Arun Jaitley said that banks have certain collaterals of group companies of Vijay Mallya and will take legal action to recover dues
 "Pay dues honourably or face coercive action: FM to Vijay Mallya")
Mallya steps down from Sanofi board as Sebi tightens rules
His resignation from the board comes in the wake of Sebi's new rules which bar wilful defaulters from holding board positions
Heineken increases stake in United Breweries to 43%
Mallya holds 32.45% in United Breweries, nearly half of which is pledged with banks as his personal surety for loans taken to run the defunct Kingfisher Airlines
 "Heineken increases stake in United Breweries to 43%")
ED interrogates IDBI officials in Kingfisher loan case
Investigators asked how the loan was given, which had poor financials and negative net worth
 "ED interrogates IDBI officials in Kingfisher loan case")
Sebi widens Mallya probe, finds prima-facie lapses
Watchdog to seek information from other regulators in India and abroad to de-clog transactions in UB Group and Diageo
 "Sebi widens Mallya probe, finds prima-facie lapses")
Mallya default singes top auditing companies
PW, Deloitte, Grant Thornton, Walker Chandiok caught in the muddle over valuation, auditing
 "Mallya default singes top auditing companies")
Over five lakh transactions in Vijay Mallya money trail, finds CBI
Over 60% of 5 lakh such transactions-around 3 lakh -had been diverted to accounts in 4 countries, source said
ED issues fresh summons to Mallya to appear on April 2
Official sources said agency accepted his plea and gave Mallya the new date to 'join investigations in person'
Will be available for questioning on April 2: Vijay Mallya to ED
Mallya has been asked to come up with details like his income-tax returns and the assets he owns
Why only Mallya? Over 5000 wilful defaulters owe Rs 50,000 cr to banks
Defaulters owe Indian banks has grown nine-fold over 13 years, and is more than 1.5 times the central government's allocation for agriculture and farmer welfare
Mallya gets time till April 2 to appear before ED
ED had earlier issued summons to Liquor baron him for 'personal appearance' on March 18 under the provisions of the PMLA
 "Mallya gets time till April 2 to appear before ED")