New Delhi : In fresh troubles for Vijay Mallya-led UB Group, the Serious Fraud Investigation Office (SFIO) is probing alleged fund diversions by the long-grounded Kingfisher Airlines to other group firms and has sought details from United Spirits in this regard. Once a flagship firm of Mallya group, United Spirits Ltd (USL) is now controlled by British liquor giant Diageo, reports PTI.
Faced with mounting debt and operational woes, Kingfisher Airlines was grounded in late 2012.
The carrier had accumulated losses of Rs 16,023 crore at the end of March 2013.
