London based alcoholic beverages firm Diageo has asked absconding Indian liquor baron Vijay Mallya to return $40 million paid to him as part of the $75 million deal for his exit from United Spirits. Diageo has reportedly sought compensation for losses incurred due to breaches committed by Mallya. Further, citing violation of the agreement by Mallya, Diageo has also stopped future instalments to him.
By Varun Vasudevan | Jul 28, 2017 8:11 PM #Vijay Mallya #Diageo
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