HALISTER1: Mallya Spokesman Denies India Enforcement Directorate Claims

Mallya Spokesman Denies India Enforcement Directorate Claims

(Bloomberg) -- Allegation made by the Enforcement Directorate before the Prevention of Money Laundering Act court that they have stumbled upon evidence that 4.3 billion rupees was transferred overseas for property acquisition is “strenuously denied,” Sumanto Bhattacharya, spokesman for Vijay Mallya and UB Group, says in e-mailed statement.
  • To provide full details to explain foreign exchange remittances
  • Non-bailable warrant against Mallya is “erroneous and unjustified”
  • NOTE: India Suspends Tycoon Mallya’s Passport
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Vijay Mallya (Kingfisher Airlines Ltd)

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