Vijay Mallya Prime Accused in another Money Laundering Case

0
152

Enforcement Directorate (ED) on Wednesday has filed another charge sheet on Vijay Mallya and 9 others for Money laundering case for worth Rs 900 crore. Mr Mallya who got relief from his current extradition case in UK till December is named as the prime accuser in this case as well, whose copy of 5000 pages will also be sent to United Kingdom.

Agency has claimed Vijay Mallya as the one around which all the money was laundered in this ₹900 crore IDBI-KFA bank loan case.  Along with Mr Mallya other names include former IDBI chairman Yogesh Aggarwal, former Kingfisher Airlines CFO A. Raghunathan, IDBI executives O.V. Bundellu, B.K. Batra, S.K.V Srinivasan, R.S. Sridhar, and Kingfisher Airlines executives Shailesh Borke, and Amit Nadkarni A.C. Shah. All these people have arrested by CBI in connection with money laundering case excepting Vijay Mallya who is out of the country respectively.

In investigations it was found out that Mr. Mallya and senior KFA and IDBI executives conspired together to obtain loan despite the negative rank, weak financials and low credit scores. These loans were then transferred and used in the Formula One races abroad, which Mr Mallya owns the F1 team Force India, in UK. These charge Sheet clearly details out the way, how the bank money was looted out in the name of company but was used abroad for another purposes.

Mr Mallya whose recent verdict in the extradition case was relief to he claimed to have enough evidence for pleading not guilty. He even further went on to mock the authorities with his statement “You can keep dreaming about a billion pounds.” He left India in the wake of being arrested and fled UK but Indian authorities filed against him, which led to his arrest by Scotland Yard and simultaneously given bail. Indian officials are tightening their screws on number of cases piling up against the business tycoon Mr. Vijay Mallya.

LEAVE A REPLY