In the wake of the death of Cafe Coffee Day founder V G Siddhartha, Sitharaman made the statement while responding to the debate on the amendments to the Insolvency and Bankruptcy Code (IBC) in the Lok Sabha last Thursday.
Reacting to the demise of VG Siddhartha, Biocon MD Kiran Mazumdar Shaw said that it is a "shocking and sad end" to a quiet n unassuming pioneer who started the coffee cafes business ahead of Starbucks in India.
The federal agency last week conducted its first-ever raid operation, under the newly enacted Fugitive Economic Offender (FEO) law, against Bengaluru-based V Shashikant and his family after it has obtained some inputs on these purported dubious financial transactions.
A complaint filed by a whistleblower alleged that Ultimate Branding is getting commission from UBL for “getting business” and also “getting significant margins in USD in trading of Kingfisher beer in international markets via front companies”.
Justice Robin Knowles ruled that he was satisfied that a consortium of Indian banks, led by SBI, have a right to the documents they are seeking to establish the true ownership of the assets they believe are linked with the Mallya.
The Caribbean star appears to have bumped into Mallya during the Formula One qualifying session at the Silverstone Grand Prix and now his photo has got everyone talking online. With memes and sarcastic jokes, people are now taking a jibe at Mallya.
Earlier this year, Vijay Mallya had told the Bombay High Court that by declaring him a fugitive economic offender and allowing attachment of his assets, a special court had awarded him an “economic death penalty”.
Why are the Congress and the BJP fighting over Vijay Mallya? Is the Kerala nun's rape case the biggest blot on the church in India? And what did a Bharat bandh this week really achieve? Arun George answers the big questions of the week.
Triggering a political firestorm in India, fugitive businessman Vijay Mallya said in London Wednesday that he had “met the Finance Minister” before leaving India in 2016 and “repeated my offer to settle with the banks”.
The Enforcement Directorate on Wednesday filed its first chargesheet against liquor baron Vijay Mallya and others in connection with its money laundering probe in the IDBI-KFA bank loan case. The 57-page chargesheet, with voluminous annexures, was filed under various sections of the Prevention of Money Laundering Act before a special anti-money laundering court. […]
The Ministry of External Affairs said India has handed over liquor baron Vijay Mallya’s extradition request as received from CBI to the United Kingdom High Commission. In a statement to the media, MEA spokesperson Vikas Swarup said and I quote: Have extradition treaty with Britain and legitimate case against Mallya. We made a request, but […]
Investigative agencies are trawling through 1.5 lakh emails of Vijay Mallya to gather possible evidence of any “undue favours” that may have been given to his firm. These emails, which Mallya sent to senior company officials, political leaders and bankers, may form a part of the CBI’s chargesheet — which is expected in the next […]
Legion, the group that hacked Rahul Gandhi and Indian National Congress Twitter handles, now seems to have hit industrialist Vijay Mallya (@TheVijayMallya) who has been staying away from India after running into financial issues. The hackers have tweeted out his address and phone number from the handle as well as what they claim are his […]
Minister of State for Finance Jayant Sinha said that the government is working on the extradition of liquor baron Vijay Mallya from Britain, who is on a run after allegedly owing more than Rs 9,000 crores to the banks. Sinha added that they have filed for extradition and it is lengthy legal process that has […]
A special PMLA Court on Monday issued non-bailable warrant against Kingfisher Airlines owner Vijay Mallya. The court also rejected the plea by Kingfisher Airlines challenging Enforcement Directorate’s claim that Rs 430 crore was siphoned off by Mallya for acquiring properties abroad. The Kingfisher Airlines had moved an application in the special PMLA court in Mumbai […]
THE Supreme Court Wednesday questioned public sector banks (PSBs) over advancing loans to Vijay Mallya, the founder-owner of Kingfisher Airlines, and his companies without securing enough assets in guarantee. It also issued a notice to Mallya who flew out of India on March 2, the day the banks sought the impounding of his passport as […]