Diamond Member Pelican Press 0 Posted July 28, 2024 Diamond Member Share Posted July 28, 2024 This is the hidden content, please Sign In or Sign Up India’s markets regulator bars tycoon Vijay Mallya from securities trading for 3 years BENGALURU (Reuters) – India’s markets regulator on Friday barred business tycoon Vijay Mallya from trading in the country’s securities market and from associating with any listed company for three years. The Indian government has been trying to extradite Mallya, 68, who lives in Britain, to face charges of ****** resulting from the collapse of his defunct company Kingfisher Airlines. Mallya, who also co-owned the Formula One motor racing team Force India until 2019, has denied all wrongdoing. The Securities and Exchange Board of India said on Friday that the tycoon’s “existing holding of securities including the holding of units of mutual funds… shall remain frozen”. Mallya owns an 8.1% stake in Kingfisher *****-maker ******* Breweries, per exchange data, and is the company’s chairman. He also owns a 0.01% stake in Smirnoff vodka-maker ******* Spirits. (Reporting by Varun Hebbalalu in Bengaluru; Editing by Mrigank Dhaniwala) This is the hidden content, please Sign In or Sign Up #Indias #markets #regulator #bars #tycoon #Vijay #Mallya #securities #trading #years This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/79466-india%E2%80%99s-markets-regulator-bars-tycoon-vijay-mallya-from-securities-trading-for-3-years/ Share on other sites More sharing options...
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