IDBI loan case: Court orders attachment of Mallya’s accounts

Avatar Written by July 18, 2017 09:15

Mumbai: A special court in Mumbai has issued an order directing attachment of beleaguered businessman Vijay Mallya and his associates accounts in the UK and Switzerland in connection with the IDBI loan default case.

The court last week also allowed the agency’s request for issuance of Letter Rogatory(LR) to the UK to assist it in the probe. The court has also directed issuance of LR to carry out investigations about those accounts.

According to the CBI, there were many commissions and omissions on the part of IDBI officials in the process of sanctioning and disbursement of loan of Rs 1,300 crore to Kingfisher Airlines (KFA).

The CBI had said all the arrested IDBI officials were instrumental in sanctioning and facilitating disbursement of the loan.