ED summons former officials of KFA, IDBI


Mumbai, Mar 11 (IANS): Four days after booking Kingfisher Airlines founder Vijay Mallya in a money-laundering case, the Enforcement Directorate served summons here on Thursday to KFA staffers and officials of the state-owned IDBI bank which he has defaulted of around Rs.900 crore.

Among the top bank officials issued summons are former chairman-cum-managing director Yogesh Aggarwal, chief financial officer A. Raghunathan of the now defunct KFA and other top executives.

Issued summons under the Prevention of Money Laundering Act, these officials have been directed to provide details of their personal finances and ITRs of the past years, pointing to suspected cloudy dealings or kickbacks.

These would serve as a prelude to summoning the flamboyant former KFA boss and liquor baron Mallya, who is now said to be abroad even as cases against him pile up in different courts and agencies.

Last Monday (March 7), in a double whammy for the beleaguered Mallya, ED Mumbai lodged a case under PMLA while the Debt Recovery Tribunal in Bengaluru barred British alcoholic beverages giant Diageo from paying him a $75 million settlement till the pending case against him was disposed off.

Two days later on Wednesday, the Maharashtra Service Tax Department moved Bombay High Court to recover Service Tax dues worth several crores of rupees collected from the KFA passengers but not deposited with the department. The case is likely to be heard on Friday.

  

Top Stories


Leave a Comment

Title: ED summons former officials of KFA, IDBI



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.