Nation Current Affairs 20 Jun 2018 Vijay Mallya's ...

Vijay Mallya's arrest ordered in fresh money-laundering case chargesheet

PTI
Published Jun 20, 2018, 9:12 pm IST
Updated Jun 20, 2018, 9:12 pm IST
An anti-money laundering court issued non-bailable warrant for Mallya's arrest, taking cognisance of fresh chargesheet filed against by ED.
The court also issued summons to Mallya's firms, Kingfisher Airlines and United Breweries Holdings Limited, before adjourning the hearing in the case to July 30. (Photo: File)
 The court also issued summons to Mallya's firms, Kingfisher Airlines and United Breweries Holdings Limited, before adjourning the hearing in the case to July 30. (Photo: File)

Mumbai: A special court in Mumbai on Wednesday ordered the arrest of fugitive liquor baron Vijay Mallya for his alleged involvement in a case of money laundering and cheating a consortium of banks of over Rs 6,000 crore.

Special Judge M S Azmi of anti-money laundering court issued a non-bailable warrant for Mallya's arrest, taking cognisance of a fresh chargesheet filed against him and others by the Enforcement Directorate (ED).

 

The court also issued summons to Mallya's firms, Kingfisher Airlines (KFA) and United Breweries Holdings Limited (UBHL), before adjourning the hearing in the case to July 30.

The agency has filed the chargesheet, also known as prosecution complaint, under the Prevention of Money Laundering Act, naming Mallya, his firms KFA and UBHL besides others.

The ED had in 2017 filed its first chargesheet against Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case.

The fresh chargesheet revolves around the complaint received from State Bank of India (SBI) on behalf of the consortium of banks for causing loss of Rs 6,027 crore to them by not keeping repayment commitments of the loans taken during 2005-10.

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