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Vijay Mallya bought silence, influence, with freebies to politicians, officials, directors: Fraud Office - The Indian Express

An investigation by the Serious Fraud Investigation Office (SFIO) has alleged that “outside pressure and intervention” was used in the “sanction and disbursement of corporate loan of Rs 2,000 crore” to the now-defunct Kingfisher Airlines Ltd. According ...and more »

Mallya used political influence to get loans, official govt data, says Fraud Office - APN Live

Serious Fraud Investigation Office says its investigation against Mallya revealed cases of corporate espionage, freebies to politicians, officials and bureaucrats. Ever wondered as how fugitive UB Group chairman Vijay Mallya was able to get huge loans ...and more »

UK: India's 'King of the Good Times' Re-Arrested for Money Laundering - OCCRP

Indian tycoon Vijay Mallya was arrested in the UK on Tuesday for the second time this year on behalf of Indian authorities who allege that he diverted a state loan meant for his ailing airline carrier to support his Formula 1 team, the Guardian reported.and more »

Vijay Mallya Used Freebies to Influence Officials and Politicians, Says Fraud Office - The Wire

Emails accessed allegedly contain information on corporate espionage, freebies to politicians, officials and bureaucrats to buy influence, and co-opting of independent directors. Vijay Mallya Used Freebies to Influence Officials and Politicians, Says ...and more »

Vijay Mallya spent Rs 53 crore on Formula One team: ED - Mumbai Mirror

Liquor baron transferred part of loan from IDBI Bank in two installments to his racing team. Vijay Mallya funnelled Rs 53.69 crore out of the country in two installments to fund his F1 ambitions, according to Enforcement Directorate (ED) officials. A ...and more »