Tag: Kingfisher

As slippery as a Mallya

Soon after making it to the headlines for being arrested in London, it took only three hours for businessman Vijay Mallya to bail himself out of custody. Mallya, who has left a number of Indian banks in worries over unpaid loans of about Rs 9,000 crore tied to his now[Read More…]

Vijay Mallya arrested in London

Indian business tycoon Vijay Mallya who is wanted in India for defaulting on loans worth Rs 9,000 crore related to Kingfisher Airlines (KFA) that was suspended in 2012, has been arrested by the Scotland Yard in London on Tuesday. He will be produced before the Westminster Magistrates’ Court. Mallya, who[Read More…]

Vijay Mallya fired from United Breweries board

India’s United Breweries has sacked “King of Good Times”, Vijay Mallya from the post of the non-executive chairman role following an order from the country’s market regulator late this Wednesday. The UB Group said the Securities and Exchange Board of India (SEBI) has barred Mallya from holding key managerial roles[Read More…]

Vijay Mallya offers to repay 100% public money back

Begged for help and not for loans, says Vijay Mallya

Liquor tycoon Vijay Mallya on Saturday said that he sought help related to policy change and not loans. He said “KFA being the largest domestic airline was the worst hit. Government bailed out Air India, but did not bail out KFA. So much for favours.” And KFA being the largest[Read More…]

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