New Delhi: The Central Bureau of Investigation has decided to file multiple chargesheets against the liquor baran Vijay Mallya, on account of his loan defaults to several banks amounting to over Rs 9000 crore. The investigation agency is mulling to bring all the cases pertaining to his defunct Kingfisher Airlines, under a single FIR.
Ironically, none of the banks till now has filed a case against Vijay Mallya; which is apparently making the work of CBI much more difficult in terms of collecting evidences. The agency has reportedly registered the case of Mallya's alleged loan default with IDBI Bank, amounting to Rs 900 crore.
The banks affected by alleged loan default include State Bank of India, which has the biggest exposure to Kingfisher Airlines at Rs 1,600 crore besides Axis Bank Ltd, Bank of Baroda, Corporation Bank, Federal Bank Ltd, IDBI Bank Ltd, Indian Overseas Bank, Jammu and Kashmir Bank Ltd, Punjab and Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank and United Bank of India.
The former business tycoon had flown to London on 2 March this year in an apparent bid to escape any kind of legal action against him on account of his Rs 9400 worth loan default. Days after he left India, a consortium of banks led by the State Bank had knocked the doors of Supreme Court to recover the dues.
According to the reports, he had approached the Bombay High Court to declare his personal guarantee on KFA loan as void, way back in 2013.