• Saturday, May 21, 2022

Business

UB Group: Mallya in “full control” even after moving to UK

Vijay Mallya (Image courtesy: World Economic Forum/Wikimedia)

By: Eastern Eye Staff

EVEN after relocating to the UK, beleaguered businessman Vijay Mallya remains in “full control”, his UB group’s holding firm United Breweries Holdings Ltd (UBHL) has said. UBHL also disclosed a total remuneration of about Rs 2.86 crore to Mallya, who moved to the UK earlier this year amid a row over several cases involving the erstwhile Kingfisher Airlines company, including over huge loan defaults. His payment has been withheld on the orders of India’s Income Tax Department. In its latest annual report, released to shareholders, group holding firm UBHL said it has been without a managing director since April 17,…

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