The Enforcement Directorate has reportedly uncovered prima facie evidence that money — taken as loans from banks by liquor baron Vijay Mallya — was transferred out of India to various accounts under o
The Enforcement Directorate has reportedly uncovered prima facie evidence that money — taken as loans from banks by liquor baron Vijay Mallya — was transferred out of India to various accounts under one head or another.
The ED has now asked 17 banks involved in giving loans to the now grounded Kingfisher Airlines to hand over all documents related to loans to Mr Mallya with information about what the loans were given for and when etc., within two days. Sources in the know say that the ED officials are of the view that Mr Mallya’s executives were aware of this.
Earlier, the ED was only the default of IDBI Bank loan under the Prevention of Money Laundering Act. The bank had lent Rs 900 crore to Mr Mallya on the basis of the Kingfisher brand.
Mr Mallya, meanwhile, said that he had not given any statements to The Sunday Guardian which carried what purports to be an interview with Mr Mallya and has since been widely reported.
Mr Mallya said on Monday that he never said that “he would not return any time soon as the time is not right.” The Sunday Guardian is yet to defend its interview, at the time of sending this report.
The Mallya issue continued to dominate Parliam-ent as the Samajwadi Party member Naresh Agarwal questioned the continuance of Mr Mallya as a member of the Rajya Sabha.
Acting on the notices given by Opposition members, the Rajya Sabha chairman Hamid Ansari earlier referred the matter to the panel.
The Ethics Committee of Rajya Sabha headed by Congress veteran Karan Singh on Monday took cognizance of the issue of Vijay Mallya. However, the date of the next meeting of the panel has not been fixed as yet.
