The new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm alleging fund diversion to Kingfisher and other UB group entities. Mallya refused to resign and said the inferences and allegations are unjustified and false.
Diageo said, “In the event Mallya declines to step down, the Board also resolved that it would recommend to the shareholders of the Company, the removal of Mallya as a director and as the Chairman of the Board.”
United Spirits moves to sack defiant Mallya http://t.co/3lcn8fCWGW
— Times of India (@timesofindia) April 25, 2015
Vijay Mallaya the man who gave a lot of people God times through the flagship brand Kingfisher has been in trouble ever since the Kingfisher Airline went bust. Mallaya has had to even sell off his personal jet that was taken in an auction by a scrap dealer some weeks back.
The way things are going, soon Vijay mallaya will sing aaloo le lo instead of ooh la la le lo
— Aakash (@PUNchayati) April 25, 2015
Vijay Mallya may be left only with the Calendar printing business using affordable home grown models! pic.twitter.com/iPALl1eGxN
— Moth Vader (@LalitSChowdhary) April 25, 2015
is a story that the over smart cookie does crumble at some point
— SammyDRAMA (@ShettyONTHErun) April 25, 2015
#CelebKites The Vijay Mallaya kite simply doesn’t fly because kite strings were diverted to tie bikinis of calender girls.
— Roflindian 2.0 (@Roflindian) January 14, 2015