New Delhi: Beleaguered liquor baron Vijay Mallya has hit out at Sebi for barring him from securities market+ with regard to alleged fund diversion from United Spirits and has termed the charges against him "baseless".
Vijay Mallya+ , in a series of tweets, called the allegations of fund diversion concerning now-defunct Kingfisher Airlines a "joke" and said he is getting used to "witch-hunts coming from all directions with no legal basis whatsoever".
"CBI alleges diversion of funds OUT of Kingfisher Air. Sebi alleges diversion of funds from USL INTO Kingfisher Air. What joke is this?," Mallya tweeted.
He further said: "Allegations of fund diversion out of USL are baseless. USL accounts were approved by top auditors, an eminent Board of Directors n (sic) shareholders."
On Wednesday, Sebi had barred Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits, a company which the tycoon promoted before selling to Diageo. He had resigned as director and Chairman of USL in March 2016.
26/01/17 PTI/Times of India
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Vijay Mallya+ , in a series of tweets, called the allegations of fund diversion concerning now-defunct Kingfisher Airlines a "joke" and said he is getting used to "witch-hunts coming from all directions with no legal basis whatsoever".
"CBI alleges diversion of funds OUT of Kingfisher Air. Sebi alleges diversion of funds from USL INTO Kingfisher Air. What joke is this?," Mallya tweeted.
He further said: "Allegations of fund diversion out of USL are baseless. USL accounts were approved by top auditors, an eminent Board of Directors n (sic) shareholders."
On Wednesday, Sebi had barred Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits, a company which the tycoon promoted before selling to Diageo. He had resigned as director and Chairman of USL in March 2016.
26/01/17 PTI/Times of India
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