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Home > Mumbai > Mumbai News > Article > Court denies bail to former IDBI Bank CMD in KFA loan case

Court denies bail to former IDBI Bank CMD in KFA loan case

Updated on: 11 February,2017 07:35 AM IST  | 
Agencies |

A CBI court yesterday refused bail to a former CMD of IDBI Bank and two others in the loan default case involving the defunct Kingfisher Airlines (KFA)

Court denies bail to former IDBI Bank CMD in KFA loan case

A CBI court yesterday refused bail to a former CMD of IDBI Bank and two others in the loan default case involving the defunct Kingfisher Airlines (KFA).


Vijay Mallya, former KFA chairman, is a wanted accused in the case. “The bail (applications) of Yogesh Aggarwal (former CMD of IDBI Bank), A Raghunathan (former CFO of KFA) and IDBI executive B K Batra is rejected,” said the special judge for CBI cases H S Mahajan. However, bail was granted to IDBI executives O V Bundellu, S K V Srinivasan and R S Sridhar.



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