Enforcement Directorate (ED) today issued fresh summons to liquor baron Vijay Mallya to make personal appearance before its investigating officer in Mumbai on April 2.The summon issued in connection with its money laundering probe in over Rs 900 crore IDBI loan fraud case.<br/><br/>The new summons came after the United Breweries (UB) group Chairman had yesterday sought more time to present himself. ED has earlier summoned Mr. Mallya to present himself by today.<br/><br/>The fresh summons to Mallya have been issued under the provisions of the Prevention of Money Laundering Act (PMLA).It requires him to furnish documents related to his personal investments and finances, Income Tax Returns for the last five years and Passport.<br/><br/>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.<br/><br/>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 .
News On AIR | March 18, 2016 8:13 PM
'Money laundering case: ED issues fresh summons to Vijay Mallya to appear on April 2