India Abroad

After Submitting Charge Sheet, ED Seek Mallya's Financial Dealings In Other Countries

न्यूज़ वर्ल्ड इंडिया | 0
| July 19 , 2017 , 21:12 IST

After a team of Enforcement Directorate in London submitted the charge sheet against liquor baron Vijay Mallya, the enforcement body is now expected to get Letter Rogatory (LR) from the court which will be sent to six countries to make a strong case against him.

The LR will be sent to France, Singapore, Mauritius, Ireland, USA and United Arab Emirates (UAE).

Earlier, a team of Enforcement Directorate is in London to submit the charge sheet against liquor baron Vijay Mallya in a step to seek his extradition. The ED move is part of its ongoing probe against Mallya for defaulting on over Rs 8,000 crore bank loans.

The two-member ED team, including a legal advisor, left for London on Monday for a two-day visit and was expected to return by Thursday, the ED official said.

The official said the ED team has reached London to submit a 5,500-page charge sheet and some documents against Vijay Mallya before the Crown Prosecution Office, which is fighting the case of Mallya's extradition.

The ED officials said the charge sheet has details on the money trail, how Mallya diverted funds from Rs 900 crore loans received from IDBI Bank to group entities in India and several other countries via numerous shell companies.

Mallya fled to Britain in March 2016 after being pursued recovery of Rs 8,191 crore owed to a consortium of 17 Indian banks by his now defunct Kingfisher Airlines. He was arrested and granted bail in London on April 18 by the Scotland Yard on an extradition warrant.

The Indian government had in February this year, handed over to British authorities a formal request for Mallya's extradition, saying it had a legitimate case against him on charges of financial irregularities and loan default.

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