Vijay Mallya was convicted of contempt of court for breaching order related to his Airlines. The erstwhile tycoon left India in 2016 after defaulting on debts totaling more than $1 billion He could be extradited from the UK to India to face charges there. Tycoon Vijay Mallya was given a four-month prison sentence by India’s … Read more
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger after losing a similar fight with McDonald’s. The billionaire investor in March nominated two directors to the supermarket chain’s board. He also wrote a letter to its boss pointing out Kroger’s inability to create policies concerning animal welfare. Tycoon … Read more
SHANGHAI: The chairman of China’s biggest insurer is under investigation by the Communist Party’s anti-corruption commission, the agency said on Saturday, as the government pushes a campaign against graft and a clean-up of the country’s chaotic financial industry. Wang Bin is being investigated for suspected “serious violations of discipline and law”, the Central Commission for Discipline … Read more
