Mumbai : United Spirits (USL) has received notices from the Ministry of Corporate Affairs and the I-T Department for inspection of its book subsequent to a probe ordered by its new management over alleged irregularities in loans given by it to various companies of Vijay Mallya-led UB Group.
USL said its Board has asked MD and CEO Anand Kripalu to further probe “possible existence of any other transaction of a similar nature” with certain “additional parties”, in which the probe had raised concerns. On its move for a further probe, the company said its inquiry had identified certain “additional matters” raising concerns “as to the propriety of the underlying transactions” with “additional parties” without specifying details.
