United Breweries removes Vijay Mallya as its director
United Breweries has said that absconding businessman Vijay Mallya has ceased to be the company's director following market regulator SEBI's order against him. Earlier this year, SEBI restrained Mallya from holding director or key managerial personnel position at any listed company that hasn't been vacated till date. Notably, Mallya, who left for UK in 2016, owes â¹9,000 crore to banks.