Free Press Journal
  • Kingfisher probe: Officials, directors under govt radar

    Mumbai : The role of bank executives, directors and government officials has come under the scanner for alleged violations at the now-defunct Kingfisher Airlines as multi-agency probes against fugitive liquor baron Vijay Mallya gather steam, regulatory and banking sources said. With the Serious Fraud Investigation Office (SFIO) submitting a detailed report on the misdoings at Kingfisher Airlines, which went belly up in 2012, the government, regulators and banks are set to initiate

  • No sharing of info with Mallya: UBL

    New Delhi : United Breweries Ltd (UBL) had stopped sharing company-related information with erstwhile chairman Vijay Mallya since February after Sebi restrained the fugitive liquor tycoon from holding position as director or key managerial personnel in any listed firm. According to a regulatory filing by UBL, although the cessation of Mallya’s directorship was communicated to authorities last week, he was asked to step down from the board much earlier this year.

  • Diageo asks Mallya to return $40 mn, seeks compensation

    London/New Delhi : British liquor giant Diageo on Thursday said it has asked beleaguered businessman Vijay Mallya to return USD 40 million paid to him as part of the USD 75 million (Rs 515 crore) sweetheart deal for his exit from United Spirits Ltd.

  • ED, CBI team in London to nail Vijay Mallya

    New Delhi: A joint team of the ED and the CBI is in London to brief UK prosecution, working on the extradition of fugitive liquor baron Vijay Mallya, and submit fresh proof in the case, officials said on Wednesday. The visiting officials of the two central probe agencies will also submit the charge-sheet filed by the Enforcement Directorate in the case last month in Mumbai, said a senior official in the Mallya probe team.

  • Supreme Court demands Vijay Mallya’s presence to proceed in contempt case

    New Delhi: The Supreme Court today considered the Centre’s submission that proceedings to extradite embattled businessman Vijay Mallya are going on in London and said the contempt case against him would move further only when he is produced before it.A bench comprising Justices A K Goel and U U Lalit took note of the fresh status report, referred by Attorney General K K Venugopal that efforts to bring Mallya back were on.

  • Supreme Court to hear Vijay Mallya’s contempt case today

    New Delhi: The Supreme Court on Friday is scheduled to pronounce a quantum of sentence against liquor baron and businessman Vijay Mallya in connection with the contempt of court case.

  • Money laundering case: Court issues fresh NBW against Vijay Mallya

    Mumbai: A special PMLA court here today issued a fresh non-bailable arrest warrant (NBW) against fugitive liquor baron Vijay Mallya in connection with a money laundering case being probed by the Enforcement Directorate (ED) for alleged bank loan fraud.

  • PM should talk of Vyapam, Mallya when he says govt blot-free: Cong

    New Delhi : When Prime Minister Narendra Modi boasts about his government’s “blot-free” three years, he should also tell the people about scams like Vyapam in BJP-ruled states and how Lalit Modi and Vijay Mallya fled India, the Congress said on Monday

  • No delay, CBI sent Mallya evidence to MEA on June 8, says government

    New Delhi : The Home Ministry on Friday said there was no delay in providing to the British authorities the evidence against liquor baron Vijay Mallya, who is facing an extradition case in London, and the CBI had sent all documents to the External Affairs Ministry last week.

  • Arnab Goswami’s bizarre tweet on Vijay Mallya sends Twitter into overdrive

    On the day the Westminster Magistrates’ Court in UK extended bail to the Indian liquor baron Vijay Mallya, Journalist Arnab Goswami on his media venture Republic TV’s Twitter handle said, “The only way to teach Mallya a lesson is by threatening to cut off ties with the UK if they protect him.” Take a look at the tweet that caused users to kick up quite a storm!