New Delhi, March 30 (IANS) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. She also said that action had been taken under the Fugitive Economic Offenders Act (FEOA) against those evading Indian law by staying abroad.This was a reference to high-profile cases such as the Nirav Modi case, including …
Latest Vijay Mallya News & Updates
New Delhi, March 26 (IANS) Former owner of Royal Challengers Bengaluru (RCB) Vijay Mallya reacted to the franchise’s record-breaking sale after a consortium, led by Aditya Birla Group, completed the acquisition of the franchise for Rs 16,660 crore and said it’s gratifying to see his Rs 450 crore investment has grown exponentially over the years”. Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bo…
Mumbai, March 24 (IANS) A consortium led by Aditya Birla Group and the Times Internet Limited has acquired the defending Indian Premier League (IPL) and Women’s Premier League champions Royal Challengers Bengaluru (RCB) for INR 16,660 crore, the owners of the franchise informed regulatory bodies on Tuesday.United Spirits Ltd, the owners of the franchise, made this disclosure in mandatory regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India on Tuesday.Bolt Ve…
Mumbai, Feb 18 (IANS) UK-based businessman Vijay Mallya on Wednesday informed the Bombay High Court that he is not in a position to specify when he would return to India. He cited restrictions imposed by courts in England that he said prevented him from leaving the country.The matter was heard by a Bench comprising Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad, in connection with two petitions filed by Mallya. One petition challenges his designation as a “Fugitive Economic Offen…
Mumbai, Feb 12 (IANS) UK-based businessman and alleged financial defaulter Vijay Mallya, on Thursday, got one last chance from the Bombay High Court to return to the country and submit to its jurisdiction if he wants Indian authorities to drop his “fugitive economic offender” tag. A bench led by Chief Justice Shree Chandrashekhar pulled up the fugitive businessman for seeking relief from an Indian court while remaining abroad.”If you do not return, we cannot hear your petition. You are evading t…
New Delhi, Dec 29 (IANS) Former Indian Premier League (IPL) chairman Lalit Modi on Monday issued an apology to the Indian government, days after he referred to himself and liquor baron Vijay Mallya as the two “biggest fugitives” in a viral video, a comment that was widely perceived as a swipe at India. In a post on X, Modi, however, did not clearly specify what exactly he was apologising for.”I apologise if I have hurt anyone feelings especially the Indian Government who I have the highest respe…
Kochi, Dec 23 (IANS) The Central Bureau of Investigation (CBI) has expressed its readiness to take over the probe into the alleged large-scale gold theft and irregularities at the Sabarimala temple, telling the Kerala High Court that it would have no objection to investigating the case if so directed.The development assumes significance amid mounting criticism over the slow pace of the investigation being carried out by the High Court-appointed Special Investigation Team (SIT), consisting of the…