Business Other News 24 Jan 2017 Former IDBI chairman ...

Former IDBI chairman, KFA CFO arrested in Vjay Mallya loan case

DECCAN CHRONICLE.
Published Jan 24, 2017, 1:01 am IST
Updated Jan 24, 2017, 12:13 pm IST
Those arrested include the then chairman of IDBI Bank Yogesh Aggarwal and former CFO of Kingfisher Airlines A. Raghunathan, CBI sources said.
The arrests were followed by searches at 11 places including Mallya's residence in the national capital.
 The arrests were followed by searches at 11 places including Mallya's residence in the national capital.

New Delhi: The Central Bureau of Investigation (CBI) on Monday arrested a former chairman and three other ex-officials of IDBI Bank along with four former executives of Kingfisher airlines in connection with the Vijay Mallya loan default case.

Those arrested include the then chairman of IDBI Bank Yogesh Aggarwal and former CFO of Kingfisher Airlines A. Raghunathan, CBI sources said.

 

They said three more former executives of the airlines and three more former officials of IDBI Bank were also taken into custody.

The arrests were followed by searches at 11 places including Mallya's residence in the national capital, three floors of UB towers in Bengaluru and residences of Aggarwal and  Raghunathan among others. UB Group issued a statement in Bengaluru confirming the visit of CBI team.     

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