MUMBAI, July 5:
A special PMLA court here today issued a fresh non-bailable arrest warrant (NBW) against fugitive liquor baron Vijay Mallya in connection with a money laundering case being probed by the Enforcement Directorate (ED) for alleged bank loan fraud.
“The court has taken cognisance of the ED chargesheet filed on June 14, 2017 and issued a NBW against Mallya,” Special ED counsel Hiten Venegoankar said.
The ED had filed its charge sheet against Mallya and eight others in connection with its money laundering probe into the about Rs 900 crore IDBI-KFA bank loan case.
The court issued the fresh NBW at ED’s request after the anti-money laundering agency submitted that Mallya is in the UK and has failed to appear before it on previous occasions too.
The 57-page charge sheet or prosecution complaint by the ED, with voluminous annexures, was filed under various sections of the Prevention of Money Laundering Act (PMLA).
A total of nine accused have been named in the charge sheet including Mallya, Kingfisher Airlines (KFA), United Breweries (Holding) Limited, senior employees and executives of the now defunct airline and the IDBI bank.
The agency, in the charge sheet, had called Mallya the “prime mover of the entire plot” and described how funds obtained from the bank as loan were allegedly diverted by the beleaguered businessman to the Formula-1 car racing event abroad. Mallya owns Formula 1 team named Force India.
It had also mentioned the role of other officials and executives of KFA and IDBI bank in this deal. The agency also had described how over Rs 400 crore was moved abroad in alleged violation of rules. (PTI)
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