CBI files FIR against Vijay Mallya in SBI loan default case

In the latest, CBI has filed FIR against Vijay Mallya in SBI loan default case.

Last Updated: Aug 13, 2016, 14:13 PM IST
 CBI files FIR against Vijay Mallya  in SBI loan default case

Zee Media Bureau

New Delhi: In the latest, CBI has registered a fresh case against Vijay Mallya on Saturday in connection with SBI loan default case.

The case has been registered under section cheating (420) and criminal conspiracy(120B) under the Indian Penal Code (IPC)  on the complaint of public lender, as per media reports.

"We have registered a case against Mallya on the complaint of SBI," a CBI official told IANS.

Mallya flew to London on March 2 just days before a consortium of lenders knocked on the doors of the Supreme Court to recover Rs 9,431.65 crore in loan and interest.

The one-time owner of Kingfisher Airlines owes 17 banks, including the State Bank of India, over Rs. 9,000 crores with interest.

(With IANS inputs)