All posts tagged: Vijay Mallya

How Danny Denzongpa built India’s 3rd-largest beer brand, foiled Vijay Mallya, contributes ₹100 crore to NE economy | Bollywood

How Danny Denzongpa built India’s 3rd-largest beer brand, foiled Vijay Mallya, contributes ₹100 crore to NE economy | Bollywood

Published by Webster

Jan 10, 2025 11:29 AM IST In 2009, Danny Denzongpa out-maneuvered Vijay Mallya’s United Breweries and set up his own beer empire. Vijay Mallya is credited with revolutionising the beer market in India. Prior to the boom his United Breweries brought about, beer was not among India’s favourite beverages. Today, 45 crore beer cases are sold in India every year. Mallya’s success lay in beating competition at every turn to monopolise the beer market in India. Yet, there was one market where he was beaten fair and square, and that too, by a Bollywood star. This is the story of how Danny Denzongpa beat the king of good times at his own game. (Also read: Danny Denzongpa: ’70s and ’80s were the worst time for the Hindi film industry) Danny Denzongpa is the founder of Yuksom Breweries. Danny Denzongpa’s beer empire Danny, born Tshering Phintso Denzongpa in Sikkim in 1948, began his Bollywood career in 1971 with Zaroorat. Over the years, he has acted in some of the biggest hits of the Hindi film industry, …

Vijay Mallya To “Dearest Friend” Lalit Modi

Vijay Mallya To “Dearest Friend” Lalit Modi

Published by Webster

New Delhi: Fugitive billiionaires Vijay Mallya and Lalit Modi shared a moment of bonhomie over the Enforcement Directorate’s Rs 14,000 debt recovery from the Kingfisher tycoon. Indian Premier League founder Lalit Modi took to social media platform X to wish Mr Mallya on his birthday, adding that life has shown them both “ups and downs”. In response, the latter said, “We both have been wronged in a country we tried to contribute to.” Thank you my dearest friend….we both have been wronged in a Country we tried to contribute to. — Vijay Mallya (@TheVijayMallya) December 18, 2024 In a series of social media posts, Mr Mallya said Rs 14,131 crores from him as opposed to the Rs 6,203 crores debt adjudged towards Kingfisher Airlines. “I am still an economic offender. Unless the ED (Enforcement Directorate) and banks can legally justify how they have taken more than two times the debt, I am entitled to relief which I will pursue,” he wrote. He further questioned claims of CBI cases against him. “I am accused by CBI, …

Vijay Mallya claims has paid double his debt, now ‘entitled to relief’ | Latest News India

Vijay Mallya claims has paid double his debt, now ‘entitled to relief’ | Latest News India

Published by Parlour News

Vijay Mallya, the fugitive businessman, has sparked a fresh controversy by claiming that banks have recovered more than twice the amount he owed. In a recent social media post, Mallya stated that banks have recovered ₹14,131.60 crore from him, whereas the Debt Recovery Tribunal had adjudged the Kingfisher Airlines (KFA) debt at ₹6,203 crore, including ₹1,200 crore of interest. Vijay Mallya’s extradition was cleared by the UK high court in April 2020 but has been held up for two-and-half years now.(Reuters) His remarks came following a statement by Finance Minister Nirmala Sitharaman in Parliament about recovery of over ₹14,130 crore from his attached assets. In a series of posts on X, Mallya argued that unless the Enforcement Directorate (ED) and banks can legally justify the excess recovery, he is entitled to relief. He also claimed that he has been unfairly labeled an “economic offender” despite repaying the loan and interest in full. “The Debt Recovery Tribunal adjudged the KFA (Kingfisher Airlines) debt at ₹6203 crore including ₹1200 crore of interest. The FM announced in Parliament …

From Mallya To Modi And Choksi, ED Ramps Up Asset Recovery, Rs 22,280 Crore Recovered So Far

From Mallya To Modi And Choksi, ED Ramps Up Asset Recovery, Rs 22,280 Crore Recovered So Far

Published by Webster

Last Updated:December 18, 2024, 09:29 IST Assets worth over Rs 22,280 crore have been recovered, from the high-profile names like Mehul Choksi, Nirav Modi and Vijay Mallya and some fraudulent companies. In high profile cases, the recovered money and the assets were either returned or restored to the rightful victims or legitimate owners. The Enforcement Directorate has ramped up its efforts to recover assets tied to economic fugitives, following a clear instruction from the Prime Minister’s Office (PMO) to prioritise the restitution process. Assets worth over Rs 22,280 crore have been recovered, from the high-profile names like Mehul Choksi, Nirav Modi and Vijay Mallya and some fraudulent companies. The money and the assets were either returned or restored to the rightful victims or legitimate owners. Under the provisions of Sections 8(7) and 8(8) of the PMLA, the ED has been the prime organisation which facilitated the process. Even as the clamour from the Opposition bloc continues, accusing the directorate of indulging into ‘vendetta politics’, the restitution process reflects the directorate’s commitment to ensure justice to …

CBI Discusses Pending Extraditions of Indian Fugitives With UK Delegation

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India’s most wanted fugitives, including Nirav Modi (R) and Vijay Mallya (L) are settled in UK (Image: PTI/ANI) The visit marks a significant step towards strengthening international cooperation between the UK and India in combating transnational crime. India and the United Kingdom have discussed the need to expedite mutual legal assistance and prioritise extradition requests related to several Indian fugitives. Several Indian fugitives including former Kingfisher Airlines promoter Vijay Mallya, arms dealer Sanjay Bhandari, and diamantaire Nirav Modi are based in the UK. Discussions were held when a high-level delegation from the UK visited CBI headquarters in New Delhi on Monday. The delegation included Stephen Kavanagh, Executive Director of Police Services, INTERPOL and UK’s candidate for the post of Secretary General of INTERPOL; Christina Scott, Acting High Commissioner of UK to India, Robert Holness from UK National Crime Agency and Sorrel Evans, UK Home Office, a statement from the CBI spokesperson said. During the visit, the CBI Director Praveen Sood and other senior agency officials held detailed discussions with Kavanagh about enhancing operational collaboration with the …

CBI, UK delegation discuss pending extraditions of fugitives | Latest News India

Published by Parlour News

India and the United Kingdom on Monday discussed the need for expediting action under mutual legal assistance treaty and prioritisation of extradition requests relating to fugitives. Vijay Mallya faces charges of money laundering and bank loan default to the tune of over ₹9,000 crore linked to the collapse of his Kingfisher Airlines in 2012 A number of fugitives from India including former Kingfisher Airlines promoter Vijay Mallya, diamantaire Nirav Modi and arms dealer Sanjay Bhandari besides separatists from Punjab and wanted terrorist sympathisers are based in the United Kingdom and their extradition is being pursued by agencies. Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now! The issue came up for discussion during the visit of a high-level delegation from the United Kingdom that included its candidate for the post of Interpol Secretary General Stephen Kavanagh to the CBI Headquarters on Monday. During the visit, the CBI Director Praveen Sood and other senior agency officials held detailed discussions with Kavanagh about enhancing operational collaboration with the UK. …