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Vijay Mallya case: CBI to send requeststo five nations

Even as the Enforcement Directorate is contemplating legal action against Kingfisher Airlines promoter Vijay Mallya for non-appearance, the CBI is preparing to send judicial requests to five countries for information on alleged diversion of funds by the now-defunct airline.

“Letters are being sent to the UK, U.S., France, Hong Kong and Switzerland requesting details of financial transactions related to Kingfisher Airlines and Mr. Mallya. Most of the domestic transactions related to the case have been examined,” said a CBI official.

It is alleged that a significant part of the funds disbursed by banks to the company were diverted to entities abroad.



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Printable version | Nov 28, 2020 3:01:22 AM | https://www.thehindu.com/news/national/vijay-mallya-case-cbi-to-send-requeststo-five-nations/article8468075.ece

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