Enforcement Directorate (ED) has written to 17 banks and a clutch of probe agencies with an aim to prepare a watertight case against liquor baron Vijay Mallya who is being probed for money laundering charges in the IDBI bank alleged loan fraud case
Vijay Mallya
New Delhi: Enforcement Directorate (ED) has written to 17 banks and a clutch of probe agencies with an aim to prepare a watertight case against liquor baron Vijay Mallya who is being probed for money laundering charges in the IDBI bank alleged loan fraud case.
Vijay Mallya. File Pic
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The agency is also understood to be mulling to take ‘legal action’ in case Mallya does not present himself or produce valid reasons for absenting before agency investigators as scheduled on March 18 in Mumbai. Official sources said the agency has written to the 17 banks who lent money to the grounded Kingfisher Airlines and later went to the Debt Recovery Tribunal (DRT) for recovery of these dues.
It has also sent official requests seeking details of the probe conducted by the Income Tax and Service Tax departments and the Special Frauds Investigation Office (SFIO) against the airline in the past.
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