Dark clouds hover over Indian mogul Vijay Mallya’s empire | GulfNews.com:
"More than a year after one of India’s top airlines, Kingfisher, stopped flying, its flamboyant owner Vijay Mallya is battling against losing control of his $2.2-billion (Dh8 billion) corporate empire.
Mallya, once the self-proclaimed “King of Good Times”, made his fortune in the liquor business and controls a conglomerate spanning beer, airlines, fertilisers and engineering.
But in several firms in his United Breweries Group, 58-year-old Mallya’s ownership has substantially shrunk, while in others, large portions of his holdings are pledged with banks — and in some cases are starting to be sold off."
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