ED team in London to submit Vijay Mallya's charge-sheet

The ED move is part of its ongoing probe against Mallya for defaulting on over Rs 8,000 crore bank loans.

Published: 19th July 2017 03:23 PM  |   Last Updated: 19th July 2017 03:23 PM   |  A+A-

Fugitive businessman Vijay Mallya (File | EPS)

By IANS

NEW DELHI:  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, an official said on Wednesday.

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. 

He added that the legal advisor accompanying a Joint Director-level ED official will assist the agency to strategise legal steps to deal with the British arbitrators in London.

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

The ED team is accompanied by the officials of Central Bureau of Investigation (CBI) which is also probing the IDBI loan default case. 

Mallya fled to Britain in March 2016 after being pursued for 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.

Meanwhile, the ED official said the agency will be writing to six countries to get information on financial dealings of Mallya to probe the alleged illegal laundering of over Rs 1,300 crore he had made through 13 shell companies in the US, Ireland, Mauritius and France.
 

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp