ED Seeks Re­vo­ca­tion of Mallya’s Pass­port

The Economic Times - - Companies -

Our Po­lit­i­cal Bu­reau

New Delhi: The En­force­ment Direc­torate (ED) has sought re­vo­ca­tion of Vi­jay Mallya’s pass­port in con­nec­tion with its probe into al­leged ir­reg­u­lar­i­ties in a .₹ 900-crore IDBI Bank loan to his now de­funct King­fisher Air­lines.

The agency has writ­ten to the Ex­ter­nal Af­fairs Min­istry (MEA) to take ac­tion un­der the Pass­port Act and ask the re­gional pass­port of­fice here to re­voke his diplo­matic pass­port, which has been is­sued to the busi- ness­man as he is a Ra­jya Sabha mem­ber. The agency said Mallya has turned ‘non-co­op­er­a­tive’ with its in­ves­ti­ga­tors.

Mallya left In­dia for the UK in early March, even as a con­sor­tium of banks chas­ing him for re­pay­ment of loans ap­proached the Supreme Court.

The probe agency said de­spite it giv­ing three chances for Mallya to per­son­ally ap­pear be­fore it in the IDBI Bank case, the in­ves­ti­gat­ing of­fi­cer in the case has only met with “non­co­op­er­a­tion”, which is lead­ing to a de­lay in tak­ing the case for­ward. On all the three oc­ca­sions when he was called —March 18, April 2 and April 9 — Mallya had said that he would be un­able to de­pose per­son­ally cit­ing the on­go­ing le­gal pro­ceed­ings in the Supreme Court over set­tle­ment of loans. How­ever, it is un­der­stood that he has sug­gested his le­gal team can help ED in tak­ing the probe for­ward Un­der the Pass­port Act, when a per- son is is­sued a diplo­matic pass­port, the reg­u­lar in­ter­na­tional travel doc­u­ment gets de­posited with the au­thor­i­ties. If the diplo­matic pass­port is re­voked, the other doc­u­ment also gets can­celled. ED of­fi­cials said if the re­quest is cleared, the min­istry will in­form UK au­thor­i­ties about it and seek his de­por­ta­tion to In­dia.

Mallya, who is fac­ing le­gal pro­ceed­ings for al­leged de­fault of loans worth over .₹ 9,000 crore, was also di­rected by the Supreme Court to dis­close all as­sets owned by him and his fam­ily in In­dia and abroad by April 21

ED’s move is in con­nec­tion with its probe into al­leged ir­reg­u­lar­i­ties in a 900-cr IDBI Bank loan to KFA

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