NEW DELHI — United Spirits Ltd., the liquor company formerly owned by Vijay Mallya, is now under twin investigations by the government of India after it said that large sums of money were diverted to other group entities without the approval of shareholders.
Force India Chairman Vijay Mallya walks along the paddock during practice ahead of the United States Formula One Grand Prix at Circuit of The Americas on October 31, 2014 in Austin, United States. | Mark Thompson via Getty Images
The corporate affairs ministry and the income tax department will probe the company's books. This could mean more trouble for Mallya, already under fire for defaulting on loans worth Rs 7,000 crore by Kingfisher Airlines.
