Beleaguered liquor baron Vijay Mallya and Kingfisher airlines owe over Rs9,000 crore, including hobby, to a consortium of 17 lenders led by using kingdom financial institution of India. Mallya saga: SFIO seeksmortgage info from banks
Mumbai: The critical Fraud research office (SFIO), the investigative employer for white collar crimes, has sought loan info from lenders to the Vijay Mallya-owned defunct Kingfisher airways.
“Banks had been asked to provide all of the information of the loans given to the Kingfisher airways. Theenterprise desires to recognise whether all of the procedures had been observed by the lenders at the same time as giving loans to the airways,” a banking official said, adding the information have beenfurnished.
As a multi-disciplinary employer, the SFIO probes cases of financial frauds which are stated it by way ofthe company affairs ministry.
in keeping with a banker, by way of asking these details, the SFIO is probably looking to ascertainwhether or no longer there have been any lapses on part of the lenders in the entire Kingfisher airwaysloan saga. remaining month, company affairs minister Arun Jaitley, in a written reply to the Rajya Sabha, had said the SFIO become investigating the lengthy-grounded Kingfisher airways for alleged financialirregularities.
“The SFIO is currently investigating Kingfisher airways. for the reason that probe is in development, nofeedback are offered at this level,” Jaitley had knowledgeable Parliament in a written respond.
Beleaguered liquor baron Mallya and Kingfisher airways owe over Rs.9,000 crore, which includes interest, to a consortium of 17 lenders led by using nation bank of India. other lenders include Punjabcountrywide financial institution, financial institution of Baroda, Canara bank, bank of India, Federalfinancial institution, Uco financial institution, United bank of India and Dena financial institution,amongst others.
On 14 June, a special Prevention of money Laundering Act (PMLA) court in Mumbai had declared Mallya a proclaimed culprit in a mortgage default case. The court docket issued the order on a plea by way of the Enforcement Directorate (ED), which has been asking Mallya to enroll in investigations “in individual” in its PMLA probe in opposition to him and others in the Rs.900 crore alleged loan fraud concerning IDBIfinancial institution.
On 11 June, the ED had attached homes really worth Rs.1,411 crore of Mallya and UB Ltd in connection with its money laundering probe within the IDBI bank mortgage default case. The property broughtunder the “provisional attachment” order include financial institution stability of Rs.34 crore, a flat everyin Bengaluru and Mumbai (2,291 sqft and 1,three hundred sqft respectively), an business plot in Chennai (4.5 acres), a espresso plantation in Coorg (28.seventy five acres) and home and commercial areas in UBmetropolis and the Kingfisher Tower in Bengaluru (84,0279 squareft).
Mallya had left the u . s . to Brtiain on 2 March the use of his diplomatic passport and London has grew to become down New Delhi’s request to deport him.