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Home News Vijay Mallya has transferred $40 Million to his children says SBI-led consortium

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Vijay Mallya has transferred $40 Million to his children says SBI-led consortium

Vijay Mallya has transferred $40 Million to his children says SBI-led consortium

Saturday, March 4, 2017, 11:21 AM

The SBI-led consortium of 17 Banks on Friday told the Supreme Court that beleaguered businessman Vijay Mallya should be asked to either get back $40 million to India in seven days or appear personally to explain how the money was sent abroad and transferred to his children without the court’s approval. Last month, a special court issued a non-bailable warrant against Vijay Mallya.
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