New Delhi: In fresh troubles for Vijay Mallya -led UB Group, the Serious Fraud Investigation Office (SFIO) is probing alleged fund diversions by the long-grounded Kingfisher Airlines to other group firms and has sought details from United Spirits .
Once a flagship firm of Mallya group, United Spirits Ltd (USL) is now controlled by British liquor giant Diageo. In a BSE filing, United Spirits confirmed that the SFIO has sought information from the company about alleged fund diversions by Kingfisher Airlines.
USL said it has received a letter from SFIO in connection with its investigation into Kingfisher Airlines.
The SFIO noted the company had conducted an inquiry wherein possible fund diversions were identified and requested some information from the company in relation to that, the filing said.
15/09/15 PTI/Business Today
To Read the News in full at Source, Click the Headline
Once a flagship firm of Mallya group, United Spirits Ltd (USL) is now controlled by British liquor giant Diageo. In a BSE filing, United Spirits confirmed that the SFIO has sought information from the company about alleged fund diversions by Kingfisher Airlines.
USL said it has received a letter from SFIO in connection with its investigation into Kingfisher Airlines.
The SFIO noted the company had conducted an inquiry wherein possible fund diversions were identified and requested some information from the company in relation to that, the filing said.
15/09/15 PTI/Business Today
