<p> Beleaguered liquor baron Vijay Mallya has hit out at SEBI for barring him from securities market with regard to alleged fund diversion from United Spirits and termed the charges "baseless".<br /><br /></p>.<p>Mallya, in a series of tweets, called the allegations of fund diversion concerning now-defunct Kingfisher Airlines a "joke" and said he is getting used to "witch hunts coming from all directions with no legal basis whatsoever".<br /><br />"CBI alleges diversion of funds OUT of Kingfisher Air. SEBI alleges diversion of funds from USL INTO Kingfisher Air. What joke is this?," Mallya tweeted.<br /><br />He further said: "Allegations of fund diversion out of USL are baseless. USL accounts were approved by top Auditors, an eminent Board of Directors n (sic) shareholders."<br /><br />Yesterday, SEBI had barred Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits, a company which the tycoon promoted before selling to Diageo. He had resigned as director and Chairman of USL in March 2016.<br /><br />"For 30 years I built the World's largest Spirits Company n (sic) India's largest Brewing Company. Also launched the finest Airline. This is what I get," Mallya tweeted.<br />He alleged that there is a witch-hunt against him by the government.<br /><br />"I am kind of getting used to these witch hunts coming from all directions with no legal basis whatsoever. Shows what Govt Machinery can do," said Mallya in one of his tweets.<br />Claiming Kingfisher Airlines "was a great public utility service connecting India like never before" he said, "It was not my private toy."<br /><br />Mallya, who is now staying in London, also scoffed at suggestions that he had fled the country in the wake of the investigations against him saying his departure was "nothing sudden. I have been a non resident since 1988".</p>
<p> Beleaguered liquor baron Vijay Mallya has hit out at SEBI for barring him from securities market with regard to alleged fund diversion from United Spirits and termed the charges "baseless".<br /><br /></p>.<p>Mallya, in a series of tweets, called the allegations of fund diversion concerning now-defunct Kingfisher Airlines a "joke" and said he is getting used to "witch hunts coming from all directions with no legal basis whatsoever".<br /><br />"CBI alleges diversion of funds OUT of Kingfisher Air. SEBI alleges diversion of funds from USL INTO Kingfisher Air. What joke is this?," Mallya tweeted.<br /><br />He further said: "Allegations of fund diversion out of USL are baseless. USL accounts were approved by top Auditors, an eminent Board of Directors n (sic) shareholders."<br /><br />Yesterday, SEBI had barred Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits, a company which the tycoon promoted before selling to Diageo. He had resigned as director and Chairman of USL in March 2016.<br /><br />"For 30 years I built the World's largest Spirits Company n (sic) India's largest Brewing Company. Also launched the finest Airline. This is what I get," Mallya tweeted.<br />He alleged that there is a witch-hunt against him by the government.<br /><br />"I am kind of getting used to these witch hunts coming from all directions with no legal basis whatsoever. Shows what Govt Machinery can do," said Mallya in one of his tweets.<br />Claiming Kingfisher Airlines "was a great public utility service connecting India like never before" he said, "It was not my private toy."<br /><br />Mallya, who is now staying in London, also scoffed at suggestions that he had fled the country in the wake of the investigations against him saying his departure was "nothing sudden. I have been a non resident since 1988".</p>