Vijay Mallya Transfer Of Funds Case

The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.

The Supreme Court today said it would hear on August 20 the petition filed by businessman Vijay Mallya, who has sought review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.

The Enforcement Directorate has unearthed an alleged nexus of slush funds being transferred to fugitive liquor baron Vijay Mallya by his India-based "close associate" with the help of shell companies, official sources said on Monday, stating that the investigation in the multi-crore bank fraud case has widened.

The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.

The Supreme Court today said it would hear on August 20 the petition filed by businessman Vijay Mallya, who has sought review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.

The Enforcement Directorate has unearthed an alleged nexus of slush funds being transferred to fugitive liquor baron Vijay Mallya by his India-based "close associate" with the help of shell companies, official sources said on Monday, stating that the investigation in the multi-crore bank fraud case has widened.