More problems arises for Vijay Mallya , as the Enforcement Directorate has registered a fresh money laundering case against him. The associates to investigate the alleged loan default of Rs. 6,027 crore availed from a consortium of nationalised banks, a case taken over by CBI recently.
It is being informed that second criminal case has been registered against him under the provisions of the Prevention of Money Laundering Act (PMLA). FIR has been registered against Mallya after getting a complaint from the State Bank of India (SBI).
Earlier this month, CBI filed a fresh case under IPC sections related to criminal conspiracy and cheating against Mr Mallya on the basis of a complaint received from SBI on behalf of the consortium of lenders for allegedly causing a loss of Rs. 6,027 crore to them by not keeping repayment commitments of loan taken during 2005-10.
Now , ED wants to strengthen its investigation against him, including getting issued a global arrest warrant by Interpol and attaching more of his assets under the stringent PMLA.
ED has already attached his properties worth about Rs. 1,411 crore under PMLA in this case a few months ago. Mr Mallya and others are alleged to have diverted a part of the loan to some of their offshore businesses.
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