Zee Media Bureau
New Delhi: The Enforcement Directorate will not issue further summons against the chairman of the now defunct Kingfisher Airlines Vijay Mallya asking him to be present before the investigating agency in the PSU bank loan default case.
The probe agency will either revoke passport or move court for a non-bailable warrant to be issued against Mallya, television channel ET Now reported.
The decision is likely to be taken by today evening. The ED is working on legal options against the business tycoon, added the report.
The agency had issued fresh summons last week to Vijay Mallya asking him to appear on April 9 after he sought two extensions from the earlier dates of March 18 and April 2 citing official reasons.
The ED has already issued three summons to Mallya, the maximum time allowed under Prevention of Money Laundering Act (PMLA). Since Mallya had failed to appear before ED officials once again , the investigating agency has two options in the case. As per the law, the ED can either revoke Mallya’s passport or move court to obtain a non-bailable warrant against him.