Loan default case: Vijay Mallya seeks time till April to appear before ED

Vijay Mallya on Thursday sought more time to appear before Enforcement Directorate(ED) in the alleged default in payment of Rs 900 crore dues to IDBI bank.

Last Updated: Mar 17, 2016, 16:31 PM IST
Loan default case: Vijay Mallya seeks time till April to appear before ED

Zee Media Bureau

New Delhi: Vijay Mallya on Thursday sought more time to appear before Enforcement Directorate(ED) in the alleged default in payment of Rs 900 crore dues to IDBI bank.

Mallya had earlier been summoned to appear before investigators of the ED on March 18.

The summons were issued on a day when A Raghunathan, a former Chief Financial Officer (CFO) of the grounded Kingfisher Airlines, appeared before ED investigators at its office in the Ballard Pier area here.

The ED had 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.

Apart from Raghunathan, summons have also been issued to former Chairman and Managing Director of the bank, Yogesh Agarwal and other senior executive members and officials of both the organisations.

With Agency Inputs