United Spirits or popularly known for as UB Group’s former chairman Vijay Mallya has left India escaping from a consortium of 13 banks rounded him up as he owes them Rs. 9,000 Crores debt. At a time when corporate affairs ministry investigative agencies are closing down on him and lending banks trying to prevent Mallya from escaping to other countries, he just outsmarted all of them.
Attorney General Mukul Rohatgi informed the Supreme Court today that Vijay Mallya has left the country on March 2. Reports say he moved to the United Kingdom to remain closer to his son and he may head from there on to other foreign destinations in parallel to his lawyers fighting several cases in India.
To our viewers’ information, Serious Frauds Investigation Office (SFIO) under the ministry of corporate affairs launched an investigation on financial irregularities at Kingfisher Airlines. Earlier, Mallya said that that he had no plans to flee and will continue the talks with banks for one-time settlement. Time will determine whether he will be back to India or settle in UK.