Indiaherald Group of Publishers P LIMITED

close save
crop image
Tue, Feb 19, 2019 | Last Updated 12:09 pm IST

Menu &Sections


Vijay Mallya used RCB team for 'Money Laundering' purposes

Vijay Mallya used RCB team for 'Money Laundering' purposes
Vijay Mallya used RCB team for 'Money Laundering' purposes
The Enforcement Directorate has filed a new charge sheet against Vijay Mallya as he had diverted the loan funds to his F1 and T20 IPL Team. The Liquor Baron has diverted more than Rs.3700 Crores of Bank Loan funds to his F1 Motorsport firm and T20 IPL Team Royal Challengers Bangalore.

Vijay Mallya used RCB team for

The ED also filed a charge sheet and he is likely to be declared as a fugitive under the new Indian law. This charge sheet was filed based on a complaint they have received from the State Bank of India as Vijay Mallya caused them a loss of Rs.6027 Crores by not repaying them.

Vijay Mallya used RCB team for

He took the loans during the period 2005-10. The Enforcement Directorate also claimed that Vijay Mallya was involved in Money Laundering through his sports-based franchises. Apart from these, he also projected his brand value of Airlines to high price as a collateral despite the Airline is suffering from deficiencies.

Vijay Mallya used RCB team for 'Money Laundering' purposes
5/ 5 - (1 votes)
Add To Favourite
More from author
Hearings in Essar Steel insolvency case get over on February 19
Vivo V15 Pro to possess 3 Rear Cameras
Kia Motors taken wraps off of its Soluto sedan
Indian women entrepreneurs to explore international trade opportunities by 2020
Do you know Bollywood latest hangout joint?
Apply for Examiner of Trade Marks by Ministry of Commerce
Is Masood Azhar the Global terrorist in Pulwama attack
IFMR GSB extends application Date till Feb 22, 2019
BIG BREAKING - Supreme court dismisses Vedanta 's plea to reopen #Sterlite plant in Tuticorin
Doing Waxing in your home without pain is simple
Do you eat in Banana leaf which is eco-friendly?
Why Maasi month is so special?
Cryptocurrency - The basics and all you need to know
Overall Vegetable prices in January declined 4.21%
Honda Civic Sedan type to be priced between Rs. 18- 22 Lakhs launches by March
TN soldier's family and village saddened by death!
#PulwamaTerroristAttack - Brave Father's inspiring quote after son's death in Pulwama!
Suicide bomber was 11th class dropout!
School girl murder mystery resolved!
Apply for Various Posts in FCI Recruitment 2019
US Senator Kamala Harris decides to marry a White Man
Pinnacle Blooms - Helping special kids
Kotii Group - On the name of god celebrating 9th Anniversary
Thickening of hair made easy through Supplements
Eating Pan Masala has more side effects
Use this simple trick to attract Goddess Lakshmi
#KashmirTerrorAttack - Terror attack kills 40 soldiers!
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional