Search results
Results from the WOW.Com Content Network
Vijay Vittal Mallya (born 18 December 1955) is an Indian fugitive, former businessman, [5] and politician. [ 6 ] [ 7 ] He is the subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India.
Bad Boy Billionaires: India is a 2020 Indian Netflix original documentary anthology television series which focuses on the lives of four prominent business magnates of India, including Vijay Mallya, Nirav Modi, Subrata Roy and Ramalinga Raju, who achieved predominant success in their businesses during their lifetime before being accused of corruption.
On 2 March 2016 after nearly four years of the bankruptcy of Kingfisher Airlines, the consortium of 13 Indian Banks led by State Bank of India moved the Debt Recovery Tribunal to recover its dues which included Rs 9,000 crores owed by its promoter Vijay Mallya. By that time Mallya had left India for the UK despite court proceedings by Indian ...
On 14 March 2018, Minister of State for External Affairs M. J. Akbar stated the names of the 31 absconding businesspeople in the Lok Sabha, including diamond traders Nirav Modi, Mehul Choksi, Jatin Mehta and embattled liquor baron Vijay Mallya, who is facing an investigation from the Central Bureau of Investigation. [5]
Vijay Mallya, the ex-chairman of Kingfisher and UB. On 3 March 2012, The CBDT of India froze many more Kingfisher accounts as it was unable to pay all the dues as per schedule. Kingfisher was meant to pay ₹ 10 million (US$120,000) per working day. It reportedly missed the deadline set by the board and could not pay the dues until the evening ...
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Mehta with other bankers and politicians on the Bombay Stock Exchange.The scam caused significant disruption to the stock market of India, defrauding investors of over fifteen million USD.
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023)) led him to gain infamy for market manipulation.
Concurrently, Hindenburg released a report claiming that Indian conglomerate Adani Group "has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades." [ 98 ] Soon after the report's release, Adani Group companies experienced an acute decline in their share prices.