CBI files chargesheet against Vijay Mallya in Rs 900 crore loan default case

Mumbai: The Central Bureau of Investigation (CBI) filed a chargesheet in a Mumbai court on Tuesday against business tycoon Vijay Mallya in the Rs 900 crore loan default case, reports said.

The loan was given by the IDBI bank in 2009-10, bending the rules of the Reserve Bank of India (RBI), the agency said in the chargesheet.

IDBI Bank gave Mallya a loan in 2009-10, bending the rules of the Reserve Bank of India (RBI), said the chargesheet. A huge chunk of money was sanctioned by the bank in a single day.

Subsequently, Rs 250 crore, meant to buy Kingfisher aircraft parts, were diverted outside the country by the airline.

The chargesheet also names the ex-IDBI chief Yogesh Aggarwal and 8 others in the case, said reports.

All accused in the case who are currently in the country, have been sent to judicial custody.

Mallya has been accused of conspiracy and cheating in the case. Wanted in a series of loan default cases, Mallya, who fled to the UK last year, has also been named as an absconder in the 1000-page charge-sheet.