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Mallya loan default case: Former IDBI Bank chairman among 8 arrested

The arrests might adversely affect the risk-taking ability of bankers while giving loans to business

Force India team principal Vijay Mallya during the press conference of Force India (pic: Reuters)
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Force India team principal Vijay Mallya during the press conference of Force India (pic: Reuters)

Abhijit LelePTI New Delhi
The Central Bureau of Investigation (CBI) on Monday arrested a former chairman and three former officials of IDBI Bank, along with four former executives of Kingfisher Airlines, in connection with a Vijay Mallya loan default case.

Those arrested include the then chairman of IDBI Bank, Yogesh Aggarwal, and former chief financial officer of now-defunct Kingfisher Airlines A Raghunathan, CBI sources said. They said three more former executives of the airlines and three more former officials of IDBI Bank were also taken into custody.

Besides the former CFO of Kingfisher, the other three executives arrested were Shailesh Borke, A C Shah and Amit

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