Special Court Issues Non-Bailable Warrant Against Vijay Mallya In Money Laundering Case

| } April 18 , 2016 , 16:51 IST
A Special court on Monday issued a non-bailable warrant against Liquor Baron VijayMallya in Rs 900 crore money-laundering case. vijay mallya Mallya is charged with siphoning off a portion of money involving IDBI loan of Rs. 950 crore, which he had borrowed for Kingfisher Airlines. The Enforcement Directorate had alleged that Mallya diverted Rs. 430 crore for purchase of a property abroad from the Rs. 950 crore IDBI loan. Mallya is presently residing in Britain. Till now, the court has issued three summons against Mallya, dated March 10, March 18 and April 2 asking him to appear in the case. However, Mallya replied in e-mails to the ED that he cannot appear because of his commitments in Europe and also because he was busy trying to arrange money to pay off his debts by a one-time arrangement.

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