ED issues fresh summons to Vijay Mallya, asks him to appear by April 2

| Friday, March 18, 2016 - 17:00
First Published |
ED, summons to Vijay Mallya, Vijay Mallya, Enforcement Directorate

New Delhi: The Enforcement Directorate (ED) has issued fresh summons against the wilful defaulter Vijay Mallya and asked him to appear by April 2.  

Mallya, who is in the United Kingdom at present, on Thursday made it clear that he will not appear before the ED over Rs 900 crore IDBI bank loan default case and asked  time till April to do so. The ED had earlier issued summons to Mallya for ‘personal appearance’ in Mumbai on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).

According to the ED, “the agency officials are mulling options and studying the reply and reasons” cited by Mallya in his communication seeking more time for appearing before it and will take a final decision soon whether to grant his request or not.

The agency is also examining the overall financial structure of the now defunct Kingfisher Airlines so that it can look into any payment of kickbacks to secure loan.

The CBI had booked Mallya, the Chairman of Kingfisher Airlines, its Directors, former Chief Financial Officer of the airlines A Raghunathan and some of the unknown officials of IDBI Bank in its FIR alleging that the loan was sanctioned in violation of norms regarding credit limits.

The agency has also written to the 17-bank consortium, led by SBI, which lent money to the grounded airlines, and later went to the Debt Recovery Tribunal (DRT) for recovery of these dues.

It even has sent official requests seeking details of the probe conducted by the Income Tax and Service Tax departments and the Serious Frauds Investigation Office (SFIO) against the airline in the past.

Moreover, the central agency is looking for details of overseas and domestic assets of Mallya and his company officials, in coordination with central security agencies and the CBI.


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