October 25, 2016 2:11 PM

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SC asks Mallya to give details of his assets abroad in 4 weeks

Supreme Court today asked UB Group chairman Vijay Mallya to give complete details of his assets abroad in four weeks. <br/><br/>The court also asked Mallya to disclose what he did with 40 million US Dollar (about Rs. 265 crore) he had received from Diageo. The amount was paid to Mallya as part of a larger payout deal signed in February this year. <br/><br/>As per the deal Mallya was to receive 75 million Dollar over a five-year period in exchange for stepping down as the non-executive chairman of USL. <br/><br/> Mallya, owes over Rs 9,000 crore to a consortium of lenders led by the State Bank of India. He left India this March and is currently said to be in the UK. He has defied several court orders to return home.

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