CBI Plans to Send Let­ters Roga­tory to 5 Coun­tries

The Economic Times - - Companies - Our Bu­reau

New Delhi: The Cen­tral Bu­reau of In­ves­ti­ga­tion (CBI) has re­ceived in­for­ma­tion from the Fi­nan­cial In­tel­li­gence Unit (FIU) on Vi­jay Mallya in­vest­ments abroad and now plans to send let­ters roga­tory (a ju­di­cial re­quest) to five coun­tries in­clud­ing France, US, Switzer­land and the UK to probe for­mer King­fisher Air­lines fund trail. The cen­tral agency is prob­ing al­le­ga­tions that Mallya di­verted funds taken as loan from gov­ern­ment banks to the now de­funct King­fisher Air­lines.

ET has first re­ported that CBI will send LRs to dif­fer­ent coun­tries on March 11. The Let­ters Roga­tory (LR) is re­quired to gather in­for­ma­tion which will be ad­mis­si­ble as ev­i­dence in court. Mallya re­port­edly has sev­eral prop­er­ties in US, UK, France and Hong Kong. He is re­port­edly liv­ing in Lon­don. A non-bail­able war­rant (NBW) may be is­sued against Mallya as he has failed to ap­pear be­fore the En­force­ment Direc­torate in con­nec­tion with the loan de­fault case. The for­mer liquor baron owes nearly .₹ 7,000 crore to a group of 17 banks. The ED may ei­ther move a com­pe­tent court in Mum­bai to get a NBW is­sued against him or ap­proach Min­istry of Ex­ter­nal Af­fairs to re­voke his pass­port. Mallya, on March 30, had sub­mit­ted to the Supreme Court a re­pay­ment plan of .₹ 4,000 crore by Septem­ber this year.

Non-bail­able war­rant may be is­sued against Mallya as he has failed to ap­pear be­fore the ED

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