The noose is tightening around Vijay Mallya with both the Enforcement Directorate and the Central Bureau of Investigation cracking the whip hard as on Wednesday the ED asked the Regional Passport Office (RPO) in Delhi to revoke Mallya's passport after he failed to appear before the agency despite repeated summons. Mallya is being investigated on charges of misappropriating Rs 9000 crore as loans from PSU banks for the now defunct Kingfisher Airlines as well as facing charges of conspiring with banks officials to flout norms to get loan sanctioned.
The CBI on the other hand will send judicial requests or Letters Rogatory (LR) to five countries, including the US and the UK, to seek details on the money trail connected to the alleged diversion of Rs 900 crore loan taken by liquor baron Vijay Mallya’s defunct Kingfisher Airlines (KA) from the IDBI bank.
CBI’s decision to send requests to five countries for specific overseas transaction-related details was made after it received “a body of good details” from union finance ministry’s Financial Intelligence Unit, a CBI source said.
The LRs are in the “advanced process” of being sent to countries including the US, the UK, France, Hong Kong and Switzerland.
Last Updated 31, Mar 2018, 6:52 PM