ED to question 5 IDBI officials for giving Rs 900 crore loan to Vijay Mallya

Enforcement Directorate will question 5 IDBI officials on Friday for giving Rs 900 crore loan to liquor baron Vijay Mallya.

Last Updated: Mar 11, 2016, 08:51 AM IST
ED to question 5 IDBI officials for giving Rs 900 crore loan to Vijay Mallya

Zee Media Bureau

New Delhi: Enforcement Directorate (ED) will question 5 IDBI officials on Friday for giving Rs 900 crore loan to liquor baron Vijay Mallya.

 

Enforcement Directorate (ED) yesterday issued summons to over half a dozen officials of the IDBI bank and Mallya-owned Kingfisher Airlines in connection with its money laundering probe in the alleged default of over Rs 900 crore loan from IDBI bank.

 

The ED recently registered a money laundering case against Mallya and others based on a CBI FIR registered last year. 

The agency is also investigating the overall financial structure of Kingfisher airlines and if any possible kick backs were made. 

 

The ED has pressed charges under various sections of the PMLA against Mallya and others named in the CBI complaint. 

The CBI had booked Mallya, director of Kingfisher Airlines, the company, Raghunathan and unknown officials of IDBI Bank in its FIR alleging that the loan was sanctioned in violation of norms regarding credit limits.