New Delhi: Loans defaulter Vijay Mallya will not appear before the Enforcement Directorate (ED) on Saturday, in what will be the third time he hasn't presented himself after being summoned, agencies reported.
The liquor baron has asked for a new date towards the end of May.
Mallya was supposed to present himself before the ED's investigators in Mumbai on Saturday in connection with a money laundering probe in the more than Rs 900 crore IDBI loan fraud case.
ED officials had earlier hinted that the April 9 summons could possibly be the last to Mallya as under the Prevention of Money Laundering Act (PMLA) such action can be undertaken for a maximum of three times only.
The Investigating Officer (IO) of the case had allowed his plea to postpone his appearance until now, both on technical and legal grounds.
The ED has registered a money laundering case against Mallya and others, based on an FIR registered last year by the CBI. The agency is also investigating the financial structure of the now defunct Kingfisher Airlines and is looking into any payment of kickbacks it made to secure loan the loan.
09/04/16 Times of India
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The liquor baron has asked for a new date towards the end of May.
Mallya was supposed to present himself before the ED's investigators in Mumbai on Saturday in connection with a money laundering probe in the more than Rs 900 crore IDBI loan fraud case.
ED officials had earlier hinted that the April 9 summons could possibly be the last to Mallya as under the Prevention of Money Laundering Act (PMLA) such action can be undertaken for a maximum of three times only.
The Investigating Officer (IO) of the case had allowed his plea to postpone his appearance until now, both on technical and legal grounds.
The ED has registered a money laundering case against Mallya and others, based on an FIR registered last year by the CBI. The agency is also investigating the financial structure of the now defunct Kingfisher Airlines and is looking into any payment of kickbacks it made to secure loan the loan.
09/04/16 Times of India
