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Loan default case: CBI charges Vijay Mallya, refuses bail for bank employees

<p>A Special Central Bureau of Investigation (CBI) court yesterday refused to give any interim bail to five employees of IDBI Bank, and four employees of the now defunct airline, Kingfisher</p>

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Vijay Mallya; (right) Yogesh Agarwal, former IDBI chairman
Vijay Mallya; (right) Yogesh Agarwal, former IDBI chairman

A Special Central Bureau of Investigation (CBI) court yesterday refused to give any interim bail to five employees of IDBI Bank, and four employees of the now defunct airline, Kingfisher. The CBI asked for judicial custody of the accused that include former IDBI Chairman Yogesh Agarwal, and ex-CFO of Kingfisher Airlines, A Raghunathan. The court sent the accused to judicial custody till February 7 and refused to give them bail. The CBI also filed a charge sheet against 11 people in the case. These include the nine arrested, Vijay Mallya, and Kingfisher Airlines as accused.

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