HALISTER1: Mallya Ready to Return to India If Safety, Freedom Assured: ET

Mallya Ready to Return to India If Safety, Freedom Assured: ET

(Bloomberg) -- Makes new settlement offer to main lender State Bank of India and willing to return to answer questions if assured of safety and freedom, the Economic Times reports, citing Kiran Mazumdar-Shaw and other board members of United Breweries Ltd.
  • Board met in Mumbai on Friday, with Mallya logging in from London
  • Mallya tells board he has been wrongly accused of money laundering and there’s no evidence to justify allegation
  • Enforcement Directorate seeking to extradite Vijay Mallya from the UK
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SBIN IN (State Bank of India)
UBBL IN (United Breweries Ltd)

People
Vijay Mallya (Kingfisher Airlines Ltd)

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