Enforcement Directorate summons Vijay Mallya for money laundering
New Delhi: The troubles continue to mount for business tycoon Vijay Mallya. Following the action initiated by several banks, CBI, income-tax and sales tax, the Enforcement Directorate on Friday issued summons to him.
The ED has asked Mr Mallya to join their investigation into the money laundering probe against him. It also questioned a senior executive of the now defunct Kingfisher Airlines.
The ED is investigating the case of the Rs 900 crore loan taken by Mr Mallya from IDBI that was later allegedly laundered. The ED has also issued summons to over half-a-dozen IDBI officials, including two senior officials based in Mumbai.
“Summons have been issued to Mr Mallya under provisions of the PMLA to appear before ED investigators on March 18 in connection with the IDBI case,” a source from the ED said.