USL may have to restate a/c; investor groups slam Diageo role

Last Updated: Sunday, May 3, 2015, 14:59

Facing a multi-agency scrutiny, Diageo-owned United Spirits may have to restate its financial accounts, even as some investor groups have begun to question the UK-based parent's long silence on allegations against the erstwhile main promoters, Vijay Mallya-led UB Group.

Mallya-USL row: ICAI seeks details from Sebi on auditors' role

Last Updated: Friday, May 1, 2015, 20:45

The ICAI has powers to initiate disciplinary action against auditors if they are found to have indulged in malpractices.

Vijay Mallya escalates war on USL board; Diageo pores over 'contract'

Last Updated: Monday, April 27, 2015, 22:23

Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya Monday said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults".

UB entities, others under multi-agency scanner

Last Updated: Monday, April 27, 2015, 20:37

As Vijay Mallya fights it out with United Spirits to retain his Chairmanship, the role of some top executives, auditors and promoter entities linked to the UB Group have come under scanner of multiple regulatory agencies for alleged irregularities between 2010 and 2013.

Vijay Mallya's boardroom battle casts shadow on USL, UB Group shares

Last Updated: Monday, April 27, 2015, 18:03

Amid a boardroom battle at Diageo- owned United Spirits to oust Chairman Vijay Mallya, shares of the company as also that of various UB Group firms including long-grounded Kingfisher Airlines fell sharply Monday.

Will discuss the issue bilaterally with Diageo: Vijay Mallya

Last Updated: Monday, April 27, 2015, 17:14

Liquor baron Vijay Mallya, who has been asked to quit from the chairmanship of the board of Diageo-controlled United Spirits, Monday said he will discuss the issue bilaterally with the world's largest spirits maker.

United Spirits appoints new Finance Head, Company Secretary

Last Updated: Monday, April 27, 2015, 14:21

These appointments came in the wake of Diageo-owned United Spirits' Board asking its erstwhile promoter and current Chairman Vijay Mallya to quit alleging fund diversion to Kingfisher and other UB Group entities.

USL shares down 2.5% as Mallya asked to quit board

Last Updated: Monday, April 27, 2015, 13:02

The stock lost 2.44 per cent to Rs 3,330 on the BSE, while at NSE, it went down by 2.52 per cent to Rs 3,330.

Vijay Mallya Vs Diageo: SEBI to look into disclosure, other lapses

Last Updated: Sunday, April 26, 2015, 18:45

With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog SEBI and other regulatory agencies have begun looking into suspected irregularities at the company, including about the alleged fund diversion and disclosure-related lapses.