Kingfisher – A Nightmare: Vijay Mallya
Mallya wondered why he has been accused of stealing Rs 6,000 crore without any legal basis. He mentioned Government kept attaching his properties in India and issuing threats of further action. He assures to his shareholders that all the allegations will be challenged in the courts of law. ‘Business is all about success and failure. Sadly, Government Agencies ignore this fact in few cases,’ complains the RCB Owner.
Since April 17th 2014, UBHL don’t have a Managing Director. Hence, Board Chairman Vijay Mallya is acting as Principal Officer of the company. He even reviewing the firm’s performance at the Board Meetings even though he shifted base to London.