News for 'usl-board'

Diageo asks Mallya to quit USL board; alleges fund diversion

Diageo asks Mallya to quit USL board; alleges fund diversion

Tough legal battle lies ahead for USL, Mallya

USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.

'Mallya didn't disclose loans to UB entities'

Last Saturday, USL board asked its Chairman Vijay Mallya to quit.

Diageo reduces board rights of Mallya in United Spirits

Mallya and UBHL now hold a little over 3.3 per cent in USL.

Diageo-led USL probes loans to UB, associates

Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.

GE Shipping buys 26% in United Shippers

UB entities, others under multi-agency scanner

Auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities.

United Spirits says it has found fund diversions by Mallya entities

Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman

Break pact with Mallya, proxy firm tells Diageo

Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.

Mallya denies Diageo's fund diversion charges

'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.

PwC caught in USL-Mallya crossfire

The agency did not seek a reappointment in FY12.

United Spirits gets MCA, I-T Dept notices to inspect books

The new Diageo management had asked Vijay Mallya to step down.

Mallya says only shareholders can 'oust' him from USL

Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman.

United Spirits, Vijay Mallya set for a lengthy legal battle

USL is already contesting a Karnataka High Court order.

SBI seeks Mallya family's full asset disclosure

SBI approaches Karnataka HC to arrest Mallya, impound passport, disclose full assets

Sebi steps up l'affaire Mallya probe; to seek overseas help

Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines

Mallya default singes top auditing companies

Mallya ready to smoke the peace pipe with banks

Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.

More threat to Mallya's stake in United Spirits

The sale came when Mallya was trapped in a sea of debt, mainly as a result of the losses his now grounded carrier, Kingfisher Airlines, had been piling.

United Spirits shows proof of Mallya's fund diversion

USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.

Can a college principal be on liquor company's board?

Decision of Indu Shahani, principal of Mumbai's HR College, to become a director of United Spirits raises an ethical issue.

United Spirits' private deals come into question

These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.