SEBI imposes 3-yr ban on Mallya for illegal fund diversions
Markets regulator SEBI has banned liquor baron Vijay Mallya from accessing securities market for three years for illegal fund diversions at United Spirits. The regulator has also barred the firm's two former officials for 1 year. Mallya has also been barred from "holding position as director or key managerial person of a listed company for a period of five years." 