ED has sought withdrawal of exemption granted to Mallya and sought the court's direction asking him to personally remain present in court
Mallya admitted the inability to travel due to his passport being revoked by the Indian government is "frustrating"
Mallya is scheduled to attend the team bosses press conference ahead of the Formula 1 British Grand Prix
The plane was attached by the Service Tax Department in December 2013
According to the GMR counsel, a total of 17 cases have been filed against Kingfisher Airlines in different courts
The service tax department, which received on bid of Rs 1.09 crore, had been hoping to raise up to Rs 200 crore from the sale
Clears one bidder, three more in the fray; sale to conclude on Jun 30
ED has already attached his properties worth about Rs 1,411 crore under PMLA
The Enforcement Directorate (ED) summoned senior officials of British liquor major Diageo and United Spirits Limited (USL) in connection with $75 million deal happened between the two in February. The summon notice was dispatched to their offices in New Delhi and Bengeleru.Vijay Mallya exited the company after he sewed a deal with its majority owner Diageo in $ 75 million (Rs 515 crore). "Questioning is required to understand the purpose of deal, as we suspect collusion between the two firms," a senior ED officer told Business Standard.As per the media reports, Diageo completed the transaction of majority stake (54.7%) in United Spirits in July 2014 and has been pushing for Mallya's resignation from chairmanship. Mallya stepped down in February after striking the deal. However, enforcement agency believes that this entire deal was planned for purpose of diverting funds. 'We have collated the balance sheet of USL that showed the diversion of nearly Rs 600 crore by Mallya in the year ...
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
In a communication to BSE, KFI said it had pledged certain shares in USL to HDFC to secure loan given to United Breweries (Holdings)
During his tenure, the firm has grown significantly into a market leading position
The industrialist clarified that he was there for book launch as the author was his friend; insists that he was invited
Absolves high commissioner for being at a book launch that Mallya attended
Mallya, in a series of tweets claimed he is not a gatecrasher
Mallya, the owner of United Spirits, United Breweries and Kingfisher Airlines, has been living in London since March
Suhel Seth claimed that Mallya was not an invited guest at the event, which was open to anyone who wanted to attend
A PMLA court clears Enforcement Directorate's move in connection with money laundering charge
Authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines
Says he had extended full cooperation, civil matters being treated as criminal charges