January 31, 2017 7:51 PM

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CBI court issues non- bailable warrant against Mallya in IDBI loan case

A Special court in Mumbai today issued a non- bailable warrant against beleaguered businessman Vijay Mallya in the IDBI Bank loan default case, as the CBI sought his extradition from the UK. <br/><br/>Special judge for CBI cases H S Mahajan issued the non- bailable warrant after the agency's affidavit provided Mallya's precise address in the UK. A CBI official said, the warrant will be sent to that country through diplomatic channels.<br/><br/>On January 24, CBI filed a charge sheet in IDBI loan default case against nine people arrested a day earlier. It left out Mallya, as he is yet to be arrested. CBI said, undue favours were shown to Kingfisher Airlines in the sanctioning and disbursal of loans of 1,300 crore rupees and there were many acts of omission and commission on the part of IDBI Bank officials in the process.<br/><br/>The court also heard the arguments on bail applications of the accused, all of whom are now in judicial custody. The hearing will continue on February 3.

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