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Abhishek
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Who is Vijay Mallya? - Page 2 Empty Re: Who is Vijay Mallya?

on Tue Jan 15, 2019 7:14 pm
We don’t doubt that because it was earlier owned by the Qatari Royal Family. It has a steam room, massage facilities, cinema room, piano and a gymnasium.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:14 pm
United's Kingfisher beer has more than a 50% market share in India's beer market.[13] The beer is available in 52 countries outside India and leads among Indian beers in the international market
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Abhishek
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on Tue Jan 15, 2019 7:14 pm
A ride on the yacht costs a whopping €750,000 per week.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:14 pm
United Spirits Ltd, the flagship company of the UB Group, achieved the historic milestone of selling 10 crore (100 million) cases, becoming the second-largest spirits company in the world by volume under Vijay Mallya's chairmanship
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Abhishek
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on Tue Jan 15, 2019 7:15 pm
Mallya is a linguist. He can speak Bengali, Kannada, Hindi, Konkani, Gujarati, English and French fluently. Much wow.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:15 pm
In 2012, Mallya ceded management control of United Spirits Limited to global spirits giant Diageo, although he retained a minority stake in the business
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Abhishek
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on Tue Jan 15, 2019 7:15 pm
Part of his fluency comes from the fact that he is originally from Karnataka but spent most of his early life in Calcutta.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:15 pm
In February 2015 Mallya was forced to resign as Chairman of United Spirits, and he contracted to receive a $75 million severance payment as part of that deal, but the courts in India have blocked that payment
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Abhishek
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on Tue Jan 15, 2019 7:15 pm
He is a genuine workaholic. According to some sources, Mallya apparently has never taken a day off.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:15 pm
It eventually became insolvent and had to be closed down.[18][19] As of October 2013, it had not paid salaries to its employees for 15 months
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Abhishek
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on Tue Jan 15, 2019 7:15 pm
Whether he is at office or in a party, he is always working. He is giving us serious work goals now!

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Dhruv singhaniya
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on Tue Jan 15, 2019 7:15 pm
As of October 2013, it had not paid salaries to its employees for 15 months, had lost its licence to operate as an airline, and owed more than US$1 billion in bank loans.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:15 pm
By November 2015 the amount owed to the banks had grown to at least $1.35 billion, and there were other debts owed for taxes and to numerous small creditors
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Abhishek
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on Tue Jan 15, 2019 7:16 pm
Mallya is not really a brand buff. In fact, he is not a brand conscious person at all.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:16 pm
As part of the Kingfisher collapse, Mallya is accused of being a "willful defaulter" under Indian law, including accusations of money laundering, misappropriation, etc.
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Abhishek
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on Tue Jan 15, 2019 7:16 pm
He buys anything that catches his eye, from flea markets to designer stores across the globe. So, don’t be surprised if you see him shopping next to you in Sarojini Nagar!
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:16 pm
In March 2016, a consortium of banks approached the Supreme Court of India to stop Mallya from going abroad due to the pending money his companies owed them. As per media reports, he had already left India
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:16 pm
On 13 March 2016 a court in Hyderabad issued a non-bailable warrant for Mallya's arrest, but it appears he is remaining at his country estate near London, England, while his lawyer contests the warrant with a higher court
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:16 pm
On 18 April 2016, a special court in Mumbai also issued an undated non-bailable Arrest warrant against the businessman. This was issued in response to a plea by the Enforcement Directorate on 15 April before the special court hearing cases under the Prevention of Money Laundering Act, 2002
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:16 pm
There were allegations on him that he transferred ₹4,000 crore (US$560 million) to tax havens.
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deepika2029
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on Tue Jan 15, 2019 7:16 pm
LONDON: Vijay Mallya intends to file an application to appeal against a British court's verdict in favour of his extradition to India, the embattled liquor baron's legal team confirmed on Wednesday.
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Dhruv singhaniya
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on Tue Jan 15, 2019 7:17 pm
On 11 June 2016, the Enforcement Directorate (ED) reported it had "provisionally attached" ₹1,411 crore (US$200 million) rupees worth of Mallya's Indian assets and properties against unpaid loans totalling ₹807 crore (US$110 million)
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Abhishek
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on Tue Jan 15, 2019 7:17 pm
Despite owning a plethora of luxury cars, one that is the closest to his heart is his Bentley. It would be really sad if SBI were to auction that as well!

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deepika2029
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on Tue Jan 15, 2019 7:17 pm
The 63-year-old businessman told reporters soon after the ruling by Westminster Magistrates' Court Chief Magistrate Emma Arbuthnot last week that he would consider the verdict in detail and decide his next course of action.
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deepika2029
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on Tue Jan 15, 2019 7:17 pm
"Mallya has now been able to consider the court's decision and intends to file an application for permission to appeal at the appropriate time," said Anand Doobay, Partner at UK-based Boutique Law LLP, who has been Vijay Mallya's solicitor through the extradition trial process.
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