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Kingfisher Airlines IDBI loan default: CBI to send LR to France, UK, US

Expanding its probe in the Kingfisher Airlines IDBI loan default case, the Central Bureau of Investigaiton (CBI) is sending out Letters Rogatory to France, UK, US, Hong Kong and Switzerland.


Kingfisher Airlines IDBI loan default: CBI to send LR to France, UK, US

Zee Media Bureau

New Delhi: Expanding its probe in the Kingfisher Airlines IDBI loan default case, the Central Bureau of Investigation (CBI) is sending out Letters Rogatory to France, UK, US, Hong Kong and Switzerland.

The move comes as a further blow to Vijay Mallya, the promoter of the now-defunct Kingfisher Airlines, against whom the Enforcement Directorate (ED) is mulling a series of 'appropriate' actions such as filing a non-bailable warrant and getting his passport revoked.

Earlier in mid-March half-a-dozen banks out of 17 had submitted their report to the ED in connection with its money laundering investigation in the IDBI bank loan default case against beleaguered businessman Vijay Mallya and others.

The ED had also questioned 4 IDBI Bank officials in connection with the money laundering probe in the alleged default of over Rs 900 crore loan.

In connection with the loan default, the CBI had also quizzed top KFA, UB Group officials.

From Zee News

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