Millennium Post

We have already paid Mallya Rs 269 cr: Diageo

In an interesting twist, British liquor giant Diageo Plc said on Wednesday it had already paid industrialist Vijay Mallya Rs 269 crore of a Rs 515 crore settlement plan on a day the Centre revealed the embattled tycoon had left India despite massive outstanding loans.

A spokesperson of Diageo, the world’s largest spirits maker, said in Mumbai the first tranche was paid to Mallya at the time of signing the agreement in February and that the next round of payments was due in 2017. The United Spirits’ board last year asked Mallya to resign after an internal investigation spearheaded by Diageo found he diverted funds to other companies under his control, charges that he denies. 
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