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Indian tycoon Vijay Mallya faces $40 million Diageo lawsuit as extradition hearing looms

( November 20, 2017, 06:04 GMT | Insight) -- India’s largest spirits company, Diageo, has filed a lawsuit against tycoon Vijay Mallya to recover the $40 million payment made when the now self-exiled businessman left United Spirits in February 2016, Live Mint reports.India’s largest spirits company, Diageo, has filed a lawsuit against tycoon Vijay Mallya to recover the $40 million payment made when the now self-exiled businessman left United Spirits in February 2016, Live Mint reports. Diageo claimed that Mallya had violated a $75 million agreement, $40 million of which the company had already paid Mallya before he was ousted for allegedly diverting Diageo’s funds to other companies under his control. Diageo is also going after another $141 million in “questionable payments” made by Mallya-affiliated firms. Meanwhile, an extradition hearing to get Mallya back to India to face separate fraud charges will be held in London in December....

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