Bank loans utilised for legitimate business purposes; no legal basis for ED action: Vijay Mallya
Vijay Mallya has issued a statement saying that there was no misappropriation or diversion of funds given by banks and he was pained to read reports about the agencies planning an action against him.
Jun 12, 2016, 21:35 PM ISTVijay Mallya tweets defence after ED attaches his properties
After his properties worth Rs 1,411 crore were attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case beleaguered businessman Vijay Mallya tweeted his defence.
Jun 11, 2016, 23:19 PM ISTED attaches Mallya's properties worth Rs 1,411 cr; beleaguered businessman tweets defence
In the latest, properties worth Rs 1,411 crore belonging to Vijay Mallya have been attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case.
Jun 11, 2016, 18:56 PM ISTMallya cannot be deported; extradition after charge sheet
Government had cancelled Mallya's passport weeks after he flew first-class to London on March 2. Public sector banks had also knocked on the doors of the Supreme Court to recover the loans.
May 11, 2016, 13:04 PM ISTVijay Mallya deportation: Jaitley says not surprised by UK's stand
Finance Minister Arun Jaitley said that he is not surprised by the UK government's stand on liquor baron Vijay Mallya's deportation.
May 11, 2016, 11:22 AM ISTSetback for Indian government! UK declines Vijay Mallya's deportation
The MEA quoted the UK government saying that it recognises the seriousness of allegations made against the liquor baron and will fully cooperate with government of India.
May 11, 2016, 08:57 AM ISTWill recover complete due fro Mallya, Say's IDBI bank's MD
Will recover complete due fro Mallya, Say's IDBI bank's MD.
May 06, 2016, 20:18 PM ISTCongress criticises Centre for not inquiring Vijay Mallya's transactions
Congress today made a scathing attack on the Centre "for not inquiring" various transactions of money paid to Vijay Mallya by Diageo Plc, including the USD 40 million Sweetheart deal.
Vijay Mallya not cooperating in investigation process: Banks tell SC
The consortium of banks today alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was averse to disclosing foreign assets.
Apr 25, 2016, 21:28 PM ISTBreaking News - Vijay Mallya's Passport Suspended
Absconding business tycoon Vijay Mallya's passport has been suspended on the request of ED
Apr 15, 2016, 19:50 PM ISTKingfisher Airlines loan case: CBI to send Letters Rogatory to the US, UK, France
The CBI will soon be sending judicial requests to at least five countries, including the US and the UK, to seek information about alleged diversion of loans received by now defunct Kingfisher Airlines from IDBI Bank.
Apr 12, 2016, 22:21 PM ISTDelhi CM Kejriwal writes to PM Modi, says stop privatisation of IDBI
Opposing Centre's move to privatise Industrial Development Bank of India (IDBI), Delhi Chief Minister Arvind Kejriwal on Saturday wrote a letter to Prime Minister Narendra Modi, urging him to proposed move.
Apr 03, 2016, 10:48 AM ISTIDBI claims strike failed, unions say near success
Even as unions of state-run IDBI Bank today claimed a successful one-day strike, the management said the bank "functioned normally".
Mar 28, 2016, 20:14 PM ISTGovt to infuse Rs 5,050 crore in PSU banks soon
The government is likely to infuse additional capital of about Rs 5,050 crore in some public sector banks this week
Mar 28, 2016, 17:47 PM ISTPrivatisation of IDBI Bank: AIBEA takes up issue with FM Arun Jaitley
The All India Bank Employees Association, representing the banking services industry, has taken up the issue of opposing privatisation of IDBI Bank, with Union Finance Minister Arun Jaitley.
Mar 25, 2016, 10:57 AM ISTCBI to investigate if PSBs were forced into lending to Mallya
Central Bureau of Investigation (CBI) is looking into whether some influential politicians used pressure tactics to force public sector banks (PSBs) into lending and restructuring loans now defunct Kingfisher Airlines
Mar 13, 2016, 03:45 AM ISTVijay Mallya still has pledge-free assets worth more than Rs 5,500 crore
Liquor baron Vijay Mallya’s loan-default case, there is a good news for lenders that the beleaguered businessman still has pledge-free assets worth more than Rs 5,500 crore to back up guarantees provided by him and his UB Holdings
Mar 12, 2016, 04:47 AM ISTMoody's retains ratings on SBI, IDBI; sees NPA woes stabilising
Moody's Investors Service has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P and expects not much deterioration in its asset quality.
Mar 11, 2016, 18:15 PM ISTNot absconder but international businessman, will comply with law of land, clarifies Vijay Mallya
Tweeting on Friday morning, Vijay Mallya cleared his position that he is not an absconder but an international businessman who will comply with the law of land.
Mar 11, 2016, 06:39 AM ISTBanks seek shareholders' nod for Rs 5,934-crore capital infusion
Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.
Aug 22, 2015, 22:33 PM IST