New Delhi: The Enforcement Directorate has registered a money laundering case on Tuesday against liquor baron Vijay Mallya in connection with alleged loan default of Rs 6,027 crore availed from a consortium of nationalised banks.
The agency has filed the case under the provisions of the Prevention of Money Laundering Act (PMLA) after it recently obtained details of the case from Central Bureau of Investigation which has filed its FIR after getting a complaint from the State Bank of India.
By registering a fresh case, ED wants to strengthen its probe against the liquor baron and expedite a slew of actions it has initiated against him, including getting issued a global arrest warrant by Interpol and attaching more of his assets under the stringent PMLA.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused in the CBI FIR which is now part of the ED case.
The CBI had filed case against Mallya in the loan default case pertaining to State Bank of India early this month. The agency filed the FIR under charges of cheating (420) and criminal conspiracy (120B) under the Indian Penal Code (IPC).
23/08/16 New Indian Express
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The agency has filed the case under the provisions of the Prevention of Money Laundering Act (PMLA) after it recently obtained details of the case from Central Bureau of Investigation which has filed its FIR after getting a complaint from the State Bank of India.
By registering a fresh case, ED wants to strengthen its probe against the liquor baron and expedite a slew of actions it has initiated against him, including getting issued a global arrest warrant by Interpol and attaching more of his assets under the stringent PMLA.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused in the CBI FIR which is now part of the ED case.
The CBI had filed case against Mallya in the loan default case pertaining to State Bank of India early this month. The agency filed the FIR under charges of cheating (420) and criminal conspiracy (120B) under the Indian Penal Code (IPC).
23/08/16 New Indian Express
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