Rs 4,000-crore USL funds transfer under scanner

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The Enforcement Directorate (ED) and Reserve Bank of India have launched a probe into the transfer of Rs 4,000 crore from United Spirits Ltd (USL) to the British Virgin Islands in early 2007 by the company before it was taken over by Diageo in 2012.

A probe into the transfer was first ordered by a division Bench of the Karnataka High Court on December 20, 2013,

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