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Vijay Mallya fraud and cheat?? #shorts
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Remember, Vijay Mallya ? The king of good times…
The famous liquor king who flew to the United Kingdom after taking loans worth Rs. 9000 crores for his Kingfisher Airlines from SBI, IDBI Bank, Bank of Baroda, and 14 other banks. The SBI led consortium has recovered Rs. 7182 crores from him, which is over 70% of the amount he owed to the lenders. 39.64 million shares of United Breweries were sold by Debts Recovery Tribunal (DRT), which were worth Rs. 5824.50 crores. These shares represented a 15% stake in the company & were sold to Heineken, who now has the major control.
Banks had earlier recovered Rs 1,357 crore, with assistance from the DRT by selling Mallya's shares in UB and United Spirits Ltd (USL). They were in the process of selling Rs 800 crore worth shares in United Spirits and the sale was to be concluded before June 25.
Source - Moneycontrol
#vijaymallya #uk #britain #treaties #kingfisher #kingfisherbeer #banks #extradition #sbi #assets #kingofgoodtimes #scam #loan #businessnews #globalnews #newsupdate
#reels #reelsindia #explore #reelsinsta #reelstrending #instagramreels #reelsinstagram #reelsinsta #reelsexplore #trending #reelkarofeelkaro #reelitfeelit #anushkarathod
The famous liquor king who flew to the United Kingdom after taking loans worth Rs. 9000 crores for his Kingfisher Airlines from SBI, IDBI Bank, Bank of Baroda, and 14 other banks. The SBI led consortium has recovered Rs. 7182 crores from him, which is over 70% of the amount he owed to the lenders. 39.64 million shares of United Breweries were sold by Debts Recovery Tribunal (DRT), which were worth Rs. 5824.50 crores. These shares represented a 15% stake in the company & were sold to Heineken, who now has the major control.
Banks had earlier recovered Rs 1,357 crore, with assistance from the DRT by selling Mallya's shares in UB and United Spirits Ltd (USL). They were in the process of selling Rs 800 crore worth shares in United Spirits and the sale was to be concluded before June 25.
Source - Moneycontrol
#vijaymallya #uk #britain #treaties #kingfisher #kingfisherbeer #banks #extradition #sbi #assets #kingofgoodtimes #scam #loan #businessnews #globalnews #newsupdate
#reels #reelsindia #explore #reelsinsta #reelstrending #instagramreels #reelsinstagram #reelsinsta #reelsexplore #trending #reelkarofeelkaro #reelitfeelit #anushkarathod
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