NEW DELHI: In mounting troubles for Vijay Mallya, the Securities and Exchange Board of India (Sebi) has stepped up its probe into alleged fund diversion from Mallya’s erstwhile listed group firms to other entities. With the latest disclosures taking total suspected fund diversion at United Spirits alone to over ₹2,500 crore, the market regulator is also referring the matter to other agencies, including Serious Fraud Investigation Office, a top official said, adding, necessary assistance would also be sought from foreign regulators.
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