<img title="Vijay Mallya" src="http://images.mid-day.com/images/2016/nov/Vijay-Mallya.jpg" alt="Vijay Mallya" width="670" height="335" /> Vijay Mallya
 New Delhi: The CBI is moving to seek the&nbsp;extradition of liquor baron Vijay Mallya from the United&nbsp;Kingdom after securing non-bailable warrant against him from a&nbsp;Mumbai court.
A request for extradition will soon be forwarded to&nbsp;designated authorities in the UK through diplomatic channels,&nbsp;CBI sources said on Monday.&nbsp;The investigative agency secured a non-bailable warrant&nbsp;against Mallya following it with an extradition request from&nbsp;the Special Court to competent authorities in the United&nbsp;Kingdom, the sources said.&nbsp;The sources said that the agency is also examining the&nbsp;role of top bankers of IDBI which had extended over Rs 900&nbsp;crore loan to now defunct Kingfisher Airlines in 2008-09.&nbsp;They claimed that CBI has got sufficient evidence against&nbsp;Mallya and despite notices he has not joined the investigations following which the agency secured a non-&nbsp;bailable warrant against him from Special CBI Court in Mumbai.
Mallya had left the country in March despite look out&nbsp;circulars from CBI. He was not stopped by the Bureau of&nbsp;Immigration because of change in the nature of Look Out&nbsp;Circular issued by the agency.&nbsp;The agency had registered a case against Vijay Mallya,&nbsp;Kingfisher Airlines and other unknown officers of IDBI Bank&nbsp;for allegedly showing undue favours to Kingfisher Airlines,&nbsp;now defunct, to sanction loans aggregating Rs 900 crore in Oct&nbsp;2008-09.
The sources said the loans were extended despite weak&nbsp;financials of the company, negative reports, low credibility,&nbsp;and in deviation from corporate land policy of the bank.&nbsp;It is alleged that significant portions of the loans were&nbsp;utilised by KFA to service existing debt to other banks, lenders or to settle outstanding documentary bills.&nbsp;The FIR alleged that large sums were remitted out of&nbsp;India as rentals or payment of spare parts, they said.&nbsp;It alleged documents show there was a criminal conspiracy&nbsp;between Mallya and top officials of IDBI Bank wherein the&nbsp;bankers abused their position and disbursed loans amounting to&nbsp;Rs 900 crore even as Mallya and subordinates provided false&nbsp;information to banks to get loans sanctioned

The CBI is moving to seek the&nbsp;extradition of liquor baron Vijay Mallya from the United&nbsp;Kingdom after securing non-bailable warrant against him from a&nbsp;Mumbai court

CBI moving to seek Mallya's extradition from UK after getting NBW

Demonetisation: Man dies in bank queue in Delhi

The CBI is moving to seek the&nbsp;extradition of liquor baron Vijay Mallya from the United&nbsp;Kingdom after securing non-bailable warrant against him from a&nbsp;Mumbai court

CBI moving to seek Mallya's extradition from UK after getting NBW

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Home / News / India News / Article / CBI moving to seek Mallya's extradition from UK after getting NBW

CBI moving to seek Mallya's extradition from UK after getting NBW

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