SERIOUS FRAUD INVESTIGATION INTO MALLYA GETS STALLED

The probe started by the Serious Fraud Investigation Office (SFIO) into the alleged irregularities committed by top public sector bankers while disbursing loans to Vijay Mallya’s now defunct Kingfisher Airlines, appears to have stalled, with official sources saying that there were some people within the investigative body who were not interested in finding out the truth.

E-mails sent to the Delhi office of the SFIO seeking their response on the matter did not elicit any response. The SFIO, which is a multidisciplinary organisation under the Ministry of Corporate Affairs, had begun its investigations into Kingfisher Airlines last year and had summoned senior officials of public sector banks, including chairpersons and managing directors of the banks, who continued to give loans to Kingfisher Airlines, while ignoring its poor financial condition.

Official sources said that most of the loans were granted to Kingfisher Airlines between 2006 and 2010.

“The company’s debt at the end of March 2008 was over Days after Indrani Mukerjea told a CBI court in Mumbai that she wanted to divorce her husband and co-accused Peter Mukerjea, sources close to Peter told The Sunday Guardian that she or her legal team had not sent a single word to him on this. Not just that, Indrani has not even discussed her plan to divorce her husband with her own legal team yet. It is common knowledge that a divorce plea has to be filed in a family court, and that a CBI court has no jurisdiction