Diageo wins $135 million case against Vijay Mallya

World’s largest spirits producer Diageo had sued Vijay Mallya, his son Siddharth and two firms to claw back a $40 million (Rs 352 crore) payout Diageo had made to Mallya in 2016 as well as a $135-million loan Diageo had refinanced for Mallya’s company Watson. Mallya lost the $135-million (Rs 1,190 crore) battle to Diageo in the London high court on Friday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EwnyYh