ED sends 2nd notice to Mallya to appear before it on April 2
March 18, 2016  13:01
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Just in: The Enforcement Directorate has issued a second notice to absconding liquor baron Vijay Mallya asking him to appear before it on April 2.


Mallya on Thursday sought time till April for making a personal appearance before the ED, virtually making it clear he would not present himself before the anti-money laundering agency pursuant to summons issued by it in the IDBI bank loan default case.


Officials said yesterday that the beleaguered businessman had informed the Enforcement Directorate's investigating officer that he would not be able to keep his date with it yesterday and sought time till April.


The ED had recently registered a money laundering case against Mallya and others based on a CBI FIR registered last year. The agency is also investigating the overall financial structure of the now defunct Kingfisher Airlines and will look into any payment of kickbacks to secure loan.


The CBI had booked Mallya, the Chairman of Kingfisher Airlines, its Directors, former Chief Financial Officer of the airlines A Raghunathan and unknown officials of IDBI Bank in its FIR alleging that the loan was sanctioned in violation of norms regarding credit limits.
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