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KFA loan case: Enforcement Directorate summons ex-IDBI chairman Yogesh Agarwal

The now defunct airlines Kingfisher loan case seems to be finding its roots deeper as the Enforcement Directorate (ED) on Tuesday issued summons to ex-IDBI chairman Yogesh Agarwal.



Zee Media Bureau

New Delhi: The now defunct airlines Kingfisher loan case seems to be finding its roots deeper as the Enforcement Directorate (ED) on Tuesday issued summons to ex-IDBI chairman Yogesh Agarwal.

 

It may be recalled that had summoned the liquor baron to appear before it in Mumbai on March 18 as part of its money laundering probe in the alleged default in payment of Rs 900 crore dues to IDBI bank by Kingfisher Airlines.

 

The ED had earlier issued summons to over half a dozen officials of the IDBI bank and Vijay Mallya-owned Kingfisher Airlines(KFA) under provisions of the PMLA wherein all the individuals have been asked to submit details about their personal finances and Income Tax Returns (ITRs) of last five years to the investigators.

 

Meanwhile, the Central Bureau of Investigation (CBI) has decided  to get Letters Rogatory (LR) issued to seek details of liquor baron Vijay Mallya's properties and investments abroad.

This is a part of investigation into allegations that he diverted funds raised from Govt banks for Kingfisher Airlines.

 

As per reports the CBI may shortly move courts to get them served through the foreign ministry.

From Zee News

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