IDBI fraud case: ED summons Vijay Mallya

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The Enforcement Directorate (ED) today issued summons for appearance to liquor baron Vijay Mallya besides questioning a senior executive of Kingfisher airlines as part of its money laundering probe in the alleged default in payment of Rs 900 crore dues to IDBI bank. Official sources said Mallya has been summoned to appear before investigators of the ED in Mumbai on March 18. “The summons have been issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case,” they said. The sources said Mallya has also been asked to furnish documents related to his personal finances. The summons were issued on a day when A Raghunathan, a former Chief Financial Officer (CFO) of the grounded Kingfisher Airlines, appeared before ED investigators at its office in the Ballard Pier area here. “We had summoned Raghunathan and he appeared before us for questioning this morning. “His questioning is important to throw light on various financial transactions, as many of them are in his personal domain,” said an ED official. The ED had issued summons to over half a dozen officials of the IDBI bank and Vijay Mallya-owned Kingfisher Airlines(KFA) under provisions of the PMLA wherein all the individuals have been asked to submit details about their personal finances and Income Tax Returns (ITRs) of last five years to the investigators.

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