Diageo asks Vijay Mallya to return $40 million, seeks compensation
British liquor giant Diageo said it has asked beleaguered businessman Vijay Mallya to return $40 million paid to him as part of the $75 million (Rs 515 crore) sweetheart deal for his exit from United Spirits Ltd. Diageo has stopped payment of $7 million a year to Mallya as part of the deal and sought compensation for the losses incurred by it.
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