CBI likely to file more FIRs into Kingfisher loans
October 12, 2015 21:58
The CBI is likely to register more FIRs into alleged loan defaults of Kingfisher even as it plans to expand its probe to look into the allegations of diversion of about $200 million dollars to "tax havens".
The agency is likely to register more FIRs to bring into the ambit of probe the additional Rs 3100 crore loans from 10 other nationalised banks on which the company has allegedly defaulted, turning them into non-performing assets, CBI sources said.
They said the present FIR against the company is related to Rs 900 crore of bad loan from IDBI bank but more FIRs may be registered to probe exposure of other public sector banks.
They said the agency has received prima facie input which indicates that the company has allegedly diverted about $200 million from these loans to two "tax haven" countries which will be probed during the course of investigations.
When asked for a reaction, UB group spokesperson declined to comment on the development.
Asked to comment on the diversion of funds, CBI spokesperson said the probe is in initial stage and every input is being evaluated. The sources remained tight-lipped about the countries where such transfers were made as they feel it might compromise the information that they might be seeking through Letters Rogatory, judicial requests, from these countries.
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