Business Standard

Sunday, December 22, 2024 | 03:57 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

ED files charge sheet against Vijay Mallya in Rs 900 crore IDBI loan case

Prosecution filing to be submitted to UK Court; ED to present additional evidence in July 6 hearing

Former Indian politician and billionaire businessman Vijay Mallya, centre, arrives for his extradition hearing arrives at Westminster Magistrates Court in London.
Premium

Former Indian politician and billionaire businessman Vijay Mallya, centre, arrives for his extradition hearing arrives at Westminster Magistrates Court in London.

Shrimi Choudhary Mumbai
In a Rs 900-crore money laundering case, Enforcement Directorate (ED) on Wednesday filed its first charge sheet against liquor baron Vijay Mallya, Kingfisher Airlines, two Kingfisher Airlines executives and five IDBI Bank officials.

The charge sheet will now be submitted before the Westminster Magistrates' Court, where the Indian government's case for Mallya's extradition is going on. The next hearing is on July 6.

The charge sheet was filed in ED's court on Wednesday under Section 45 of the Prevention of Money Laundering Act (PMLA).
 
The probe agency believes the charge sheet would make the case stronger. "We will also provide

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in