FreeCurrencyRates.com

इंडियन आवाज़     28 May 2017 08:13:57      انڈین آواز

SC questions Mallya on assets, transfer of USD 40 mn to kids

TIA NEWS

Liquor baron Vijay Mallya, who is presently in the United Kingdom, was today posed searching questions by the Supreme Court which asked him about the truthfulness of his disclosure of assets and transfer of 40 million US Dollars to his children.

A bench of Justices Adarsh Kumar Goel and U U Lalit put for the queries during the day-long hearing after which it reserved the orders on two pleas of lending banks. The pleas have sought contempt action and a direction to Mallya to deposit 40 million dollars received from offshore firm Diageo.

The bench asked Mallya’s counsel that whether his client has violated the Karnataka High Court order by transferring the assets. The High Court order had restrained Mallaya from transferring and alienating assets.

At the outset, the bench also posed several queries to the consortium of lending banks led by State Bank of India and asked it whether any criminal proceedings have been initiated against Mallya.

Ad
Ad
Ad
Ad

SPORTS

Team India arrive in England for Champions Trophy

Team India, led by Virat Kohli, arrived in England today ahead of their title defence of the ICC Champions Tro ...

ICC Cricket Committee recommends DRS for T20 Internationals

The ICC Cricket Committee chaired by India's head coach Anil Kumble has made a host of recommendations at its ...

Ad

Archive

May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031  

OPEN HOUSE

NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...

@Powered By: Logicsart